Multiple Choice
Assume that divisional income from operations amounts to $187,000 and top management has established 12% as the minimum rate of return on divisional assets totaling $1,000,000. The residual income for the division is:
A) $67,000.
B) $22,440.
C) $120,000.
D) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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