Assume That Divisional Income from Operations Amounts to $187,000 and Top

question 3

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.

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