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Select the best answer for the question. 3. Koogle Corporation uses residual income to evaluate...

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Accounting

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Select the best answer for the question. 3. Koogle Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 13%. In August, the commercial products division had average operating assets of $530,000 and net operating income of $76,700. What was the commercial products division's residual income in August? A. ($9,971) B. ($7,800) C. $9,971 D. $7,800 Mark for review (Will be highlighted on the review page)

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