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The Consumer Products Division of Goich Corporation had average operating assets of $1,300,000 and net...

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The Consumer Products Division of Goich Corporation had average operating assets of $1,300,000 and net operating income of $119,300 in May. The minimum required rate of return for performance evaluation purposes is 9%. What was the Consumer Products Division's residual income in May? Multiple Choice $(2,300) $10,737 $2,300 $(10,737)

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