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The company paid dividends of $355,360 last year. The Investment in Tesla item on the balance sheet represents an investment in the stock of another
The company paid dividends of $355,360 last year. The Investment in Tesla item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's residual income last year? multiple choice $488,610$495,360$485,860$508,110
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