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Question 12 Consider the following statements about residual income: 1. Residual income incorporates a firm's cost of acquiring investment capital. II. Residual income is

Question 12 Consider the following statements about residual income: 1. Residual income incorporates a firm's cost of acquiring investment capital. II. Residual income is a percentage measure, not a dollar measure. III. One benefit of residual income is that it can be used to compare the performance of different-sized investment centers. Which of the above statements is (are) true? I and II OI only OI, II, and III I and III II and III

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