Microsoft uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 11%. In January, the Cloud Computing Division had average operating assets of of $680,000 and net operating income of $46,200. What was the Cloud Computing Division 's residual income in January?     -$6,660     -$28,600     $26,700     -$7,900

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Microsoft uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 11%. In January, the Cloud Computing Division had average operating assets of of $680,000 and net operating income of $46,200. What was the Cloud Computing Division 's residual income in January?

   

-$6,660

   

-$28,600

   

$26,700

   

-$7,900

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