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  3. barron corp. has an operating income of $100,000,

Barron Corp. has an operating income of $100,000, average invested assets of $600,000, and a...

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Question

Accounting

Barron Corp. has an operating income of $100,000, average invested assets of $600,000, and a cost of capital of 7%.

(T or F) Residual income is $58,000.

True

False

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