Question: Gray Corporation reported $ 1 0 0 , 0 0 0 in interest expense for the current year for bonds that were issued in prior

Gray Corporation reported $100,000 in interest expense for the current year for bonds that were issued in prior years. Gray's tax rate is 40%. By what amount is the numerator of diluted EPS positively adjusted?
A. $0
B. $60,000
C. $100,000
D. $40,000
Gray Corporation reported $ 1 0 0 , 0 0 0 in

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