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Imagination Corporation uses residual income to evaluate the performance of its divisions. Imagination's minimum required rate of return is 14%. In April, the Commercial Products

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Imagination Corporation uses residual income to evaluate the performance of its divisions. Imagination's minimum required rate of return is 14%. In April, the Commercial Products Division had average operating assets of $108,000 and net operating income of $12,000. What was the Commercial Products Division's residual income in April? Multiple Choice $(3,120). $1,680. $3.120. a O $(1,680)

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