n entity with both cumulative and noncumulative preferred stock is calculating basic earnings per share data and is trying to determine how to account for preferred dividends. Identify the location in professional standards that indicates how to account for preferred dividends in the calculation of basic earnings per share.

1. Which title of Professional Standards addresses this issue & will be helpful in understanding the documentation requirements for matters communicated with governance?

2. Enter the exact section and paragraph with helpful information.

Type the topic here.

Correctly formatted FASB ASC topics are 3 digits.

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Some examples of correctly formatted FASB ASC responses are 205-10-05-1, 323-740-S25-1, 260-10-60-1A, 715-30-35-95, 820-10-35-16BB and 810-10-55-205AE.