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Oriole Company had sales of $401000, variable costs of $200200, and direct fixed costs totalling $99800. The companys operating assets total $799200, and its required
Oriole Company had sales of $401000, variable costs of $200200, and direct fixed costs totalling $99800. The companys operating assets total $799200, and its required return is 10%. How much is the residual income?
A. $120880
B. $21080
C. $79920
D. $321080
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