Information relates to the cliff division

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Reference no: EM13787650

The following information relates to the Cliff Division of Mountain Enterprises:

Income for the period just ended: $600,000

Invested capital: $7,500,000

If the company has an imputed interest rate of 6%, Cliff's residual income would be:

None of these.

$450,000.

$150,000.

$414,000.

$36,000.

Reference no: EM13787650

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