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Assume That Clampett, Incorporated, Has $200,000 of Sales, $150,000 of Cost

Question 28

Multiple Choice

Assume that Clampett, Incorporated, 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, Incorporated's excess net passive income?


A) $0
B) $25,000
C) $75,000
D) $100,000
E) None of the choices are correct.

Correct Answer:

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