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Gray Corporation reported $200,000 in interest expense for the current year for bonds that were...

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Accounting

Gray Corporation reported $200,000 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. $80,000 B. $120,000 C. $200,000 D. $0

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