Question
Assume that Clampett, Inc., has $290,000 of sales, $240,000 of cost of goods sold, $150,000 of interest income, and $130,000 of dividends. What is Clampett,
Assume that Clampett, Inc., has $290,000 of sales, $240,000 of cost of goods sold, $150,000 of interest income, and $130,000 of dividends. What is Clampett, Inc.'s excess net passive income?
a. 0
b. 137,500
c. 187.500
d. 280,000
e. non of these above
Can you explain with equation?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
