National Co. had the following information for 2022: Sales Operating income Operating assets Imputed interest rate P500,000 50,000 200,000 10%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What amount of residual income did National Co. have?

National Co. had the following information for 2022:
Sales
Operating income
Operating assets
Imputed interest rate
P500,000
50,000
200,000
10%
Transcribed Image Text:National Co. had the following information for 2022: Sales Operating income Operating assets Imputed interest rate P500,000 50,000 200,000 10%
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