What is clampett incs excess passive income


Question:

1. Assume that clampett, inc. has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,000 of dividends. what is clampett, inc.'s excess passive income?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What is clampett incs excess passive income
Reference No:- TGS02029254

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)