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Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $3,600,000; investment center income
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $3,600,000; investment center income $625,000; a target income of 12% of average invested assets. The residual income for the division is: |
$550,000.
$1,057,000.
$193,000.
$700,000.
$507,000.
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