Question
Howard Company provided the following selected information about its consumer products division for the current year: Desired ROI 10 % Net Income $ 326,000 Residual
Howard Company provided the following selected information about its consumer products division for the current year:
| Desired ROI | 10 | % | |
| Net Income | $ | 326,000 | |
| Residual Income | $ | 260,000 | |
Based on this information, the division's investment amount was:
Group of answer choices
$660,000.
$3,260,000.
$2,600,000.
$5,860,000.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
