Business, 22.05.2020 18:03 jsmith4184

In determining earnings per share, interest expense, net of applicable income taxes, on convertible debt which is dilutive should be:

A. Added back to net income for basic earnings per share, and ignored for diluted earnings per share
B. Deducted from net income for both basic earnings per share and diluted earnings per share
C. Added back to net income for diluted earnings per share
D. Deducted from net income for basic earnings per share and ignored for diluted earnings per share.

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In determining earnings per share, interest expense, net of applicable income taxes, on convertible...