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Deskin Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 19%. In February, the Commercial Products Division had average operating assets of $780,000 and net operating income of $139,800. What was the Commercial Products Division's residual income in February?

A) $8,400

B) $26,562

C) $26,562

D) $8,400

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957612

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