residual income for the division

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 5BE: Residual income The Commercial Division of Galena Company has operating income of 12,680,000 and...
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  1. The Commercial Division of Galena Company has income from operations of $63,010 and assets of $179,000. The minimum acceptable return on assets is 11%.

    What is the residual income for the division?
    $fill in the blank 1

     
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