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urraberry urraberry
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A month ago
Which of the following is the formula to calculate residual income?

▸ Operating income plus interest and depreciation expense

▸ Operating income - average assets

▸ Operating income - (average assets × required minimum rate of return)

▸ Operating income - (average assets + required minimum rate of return)
Textbook 

Managerial Accounting


Edition: 4th
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denitra31denitra31
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A month ago
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Operating income - (average assets × required minimum rate of return)

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