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(Solved) (Latest ver. Aug 2020) - Northern Division of Smith Co: Compute Residual income

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The Northern Division of the Smith Company had average operating assets totaling $150,000 last year. If the minimum required rate of return is 12%, and if last year's net operating income at Northern was $20,000, then the residual income for Northern last year was:
A)$20,000. C)$5,000.
B)$l8,000. D)$2,000.

 







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This question was answered on: Sep 16, 2020

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