When computing earnings per share on common stock, dividends on cumulative, nonconvertible preferred stock should be
a. deducted from net income only if the dividends were declared or paid in the current period.
b. deducted from net income regardless of whether the dividends were not paid or declared in the period.
c. deducted from net income only if net income is greater than the dividends.
d. ignored.
B
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