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7 years ago
Residual income indicates how ________.
A)  much return a division generates on average assets
B) much operating income the division earns on every dollar of sales
C)  efficiently a division uses its average assets to generate sales and thereby profits
D)  much extra operating income a division generates above the minimum acceptable level
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
Makes perfect sense, thx
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