Question: Gray Corporation reported $ 4 0 0 , 0 0 0 in interest expense for the current year for bonds that were issued in prior

Gray Corporation reported $400,000 in interest expense for the current year for bonds that were issued in prior years. Gray's tax rate is 30%. By what amount is the numerator of diluted EPS positively adjusted?
A. $120,000
B. $0
C. $280,000
D. $400,000
Gray Corporation reported $ 4 0 0 , 0 0 0 in

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