Question
The following information pertains to Ranger, Inc.: Beginning Book Value - $18,000,000 Est. Net Income - $4,000,000 Required Rate of Return - 11% Dividends -
The following information pertains to Ranger, Inc.:
Beginning Book Value - $18,000,000
Est. Net Income - $4,000,000
Required Rate of Return - 11%
Dividends - $2,000,000
What is Ranger's residual income ?
| A. | $2,020,000 | |
| B. | $2,240,000 | |
| C. | $1,140,000 | |
| D. | $5,760,000 |
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
