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Bungert Incorporated Reported the Following Results from Last Year's Operations

Question 123

Multiple Choice

Bungert Incorporated reported the following results from last year's operations: Bungert Incorporated reported the following results from last year's operations: The company's minimum required rate of return is 12% and its average operating assets were $8,000,000. Last year's residual income was closest to: A) $912,000 B) ($48,000) C) $992,000 D) ($972,800) The company's minimum required rate of return is 12% and its average operating assets were $8,000,000. Last year's residual income was closest to:


A) $912,000
B) ($48,000)
C) $992,000
D) ($972,800)

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