In determining earnings per share, interest expense, net of applicable income taxes, on convertible debt that is dilutive should be:
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a. | Added back to net income for diluted earnings per share, and ignored for basic earnings per share. | |
b. | Added back to net income for both basic earnings per share and diluted earnings per share. | |
c. | Deducted from net income for basic earnings per share, and ignored for basic diluted earnings per share. | |
d. | Deducted from net income for both basic earnings per share and diluted earnings per share. |
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