14 Assume that Division Blue has achieved a yearly income from operations of $155,000 using...
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Accounting
14
Assume that Division Blue has achieved a yearly income from operations of $155,000 using $1,051,000 of invested assets. If management has set a minimum acceptable return of 11%, the residual income is
a.$155,000
b.$47,268
c.$31,512
d.$39,390
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