The following information pertains to Moore Company: $$\begin{array} { l l }
\text { Total assets } & \$ 50,000 \
\text { Total current liabilities } & 30,000 \
\text { Total expens es } & 60,000 \
\text { Total liabilities } & 35,000 \
\text { Total revenues } & 80,000
\end{array}$$ If invested capital is defined as total assets, and the imputed interest rate is 8%, the residual income is:
A) $20,000
B) $4,000
C) $1,600
D) $16,000

Question

The following information pertains to Moore Company: $$\begin{array} { l l } 
\text { Total assets } & \$ 50,000 \
\text { Total current liabilities } & 30,000 \
\text { Total expens es } & 60,000 \
\text { Total liabilities } & 35,000 \
\text { Total revenues } & 80,000
\end{array}$$ If invested capital is defined as total assets, and the imputed interest rate is 8%, the residual income is:
A) $20,000
B) $4,000
C) $1,600
D) $16,000

Quizplus · Accepted Answer

The Answer of The following information pertains to Moore Company: $$\begin{array} { l l } 
\text { Total assets } & \$ 50,000 \
\text { Total current liabilities } & 30,000 \
\text { Total expens es } & 60,000 \
\text { Total liabilities } & 35,000 \
\text { Total revenues } & 80,000
\end{array}$$ If invested capital is defined as total assets, and the imputed interest rate is 8%, the residual income is:
A) $20,000
B) $4,000
C) $1,600
D) $16,000

The Following Information Pertains to Moore Company If Invested Capital Is Defined as Total Assets, and the l