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What is Clampett Incs excess net passive income

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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, Inc.'s excess net passive income? Explain with equation?

a. 0

b. 137,500

c. 187.500

d. 280,000

e. none of these above

Reference no: EM132441782

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