In the working note of Ormes SA on diluted earnings, which sentence about a convertible bond issued on 1 July is incorrect?Your answerAThe bond is assumed to be converted at its issue date, which is later than the start of the year.BThe number of shares for diluted earnings is the weighted average number plus the shares that would be issued on conversion.CThe bond is assumed to be converted on 1 January, the start of the year, even though it was issued on 1 July.DThe numerator is adjusted for the interest saved on the bond, after the tax effect.SubmitHint