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Question
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $3,500,000; investment center income $610,000; a target income of 12% of average invested assets. The residual income for the division is:A.$536,800.
B.$1,030,000.
C.$190,000.
D.$683,200.
E.$493,200.
Answer
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