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NEW QUESTION: 1
_____________ of Income Tax Act,1961 defines the Right of an Executor to recover tax paid.
A. Section 69
B. Section 62
C. Section 162
D. Section 169
Answer: D
NEW QUESTION: 2
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Answer: A
NEW QUESTION: 3
The imputed interest rate used in the residual income approach for performance measurement and
evaluation can best be characterized as the:
A. Historical weighted average cost of capital for the company.
B. Average return on assets employed over a particular time period.
C. Average return on investment that has been earned by the company over a particular time period.
D. Average prime lending rate for the year being evaluated.
Answer: A
Explanation:
Choice "a" is correct. Historical weighted average cost of capital is usually used as the target or hurdle
rate in the residual income approach.
Choices "b", "c", and "d" are incorrect, per the above definition.
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