Question: Snowtiake co, bas outstanding 10% convertble bends with a face value of $1,000,000 and a tax rate of 25%. The bonds have been outstanding alf

Snowtiake co, bas outstanding 10% convertble bends with a face value of $1,000,000 and a tax rate of 25%. The bonds have been outstanding alf yeat. in calculating diluted earnings per share, how should Snowilake adjust the numerator with respect to these bonds? a. Add $1,000,00010%525% b. Deduct: $1,000,00010%25% Deduct: $1,000,00010%75% d. Add: 51,000,00010%75%

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