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The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120, 800 in December. The minimum required rate

The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120, 800 in December. The minimum required rate of return for performance evaluation purposes is 16%. What was the West Division's residual income in December? $19, 328 $(8, 800) $8, 800 $(19, 328)

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