Which of the Following Items Would Most Likely Not Be

Which of the following items would most likely not be incorporated into the calculation of a division's investment base when using the residual income (RI) or the return on investment (ROI) approach for performance measurement and evaluation?

A) Fixed assets used in divisional operations.
B) Land being held by the division as a site for a new plant in the future.
C) Division inventories when division management exercises control over the inventory levels.
D) Division accounts payable when division management exercises control over the amount of short-term credit utilized.
E) Division accounts receivable with division management exercises control over credit policy and credit terms.