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The following information relates to the Cliff Division of Mountain Enterprises: Income for the period...

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Accounting

The following information relates to the Cliff Division of Mountain Enterprises: Income for the period just ended: $1,500,000 Invested capital: $12,000,000 If the company has an imputed interest rate of 11%, Cliff's residual income would be:

$165,000.

$180,000.

$187,500.

some other dollar amount other than the ones given.

a percentage greater than 11%.

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