Question
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $3,700,000; investment center income
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $3,700,000; investment center income $640,000; a target income of 12% of average invested assets. The residual income for the division is:
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
