Pemberton Crafters reported $180,000 in interest expense for convertible bonds issued several years ago. The company is
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Question:
Pemberton Crafters reported $180,000 in interest expense for convertible bonds issued several years ago. The company is subject to a 30% effective tax rate There were no actual conversions during the year. What adjustment is needed to the company's diluted EPS numerator?
(Abbreviations Used: EPS = Earning per share.)
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date: