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choih94 choih94
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6 years ago
ABC paid $5,000 in dividends to its preferred shareholders. The 5 percent preferred shares
(10,000 shares outstanding) are nonconvertible and noncumulative. The $5,000 dividend:
A) Will be added to the numerator of the EPS calculation.
B) Will be subtracted from the numerator of the EPS calculation.
C) Will be added to the denominator of the EPS calculation.
D) May not affect the EPS calculation, depending on the declaration date of the dividends.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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zurainzlptzurainzlpt
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6 years ago
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choih94 Author
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#2
6 years ago
Smart ... Thanks!
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