The followinginformation pertains to Newhart Company:
Totalassets $50,000
Totalcurrent liabilities 10,000
Totalexpenses 60,000
Totalliabilities 15,000
Totalrevenues 80,000
If invested capital is defined as totalassets minus current liabilities, the residual income at an imputed interestrate of 10% is:
A、$16,000
B、$20,000
C、$4,000
D、$2,600
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