Question
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $4,300,000; investment center income
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $4,300,000; investment center income $730,000; a target income of 12% of average invested assets. The residual income for the division is:
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$642,400.
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$1,246,000.
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$214,000.
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$817,600.
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$603,600.
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
