Madrazo Corporation uses residual income to evaluate the performance of its divisions.The minimum required rate of return for performance evaluation purposes is 19%.The Games Division had average operating assets of $410,000 and net operating income of $86,000 in June.
Required:
What was the Games Division's residual income in June?

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The Answer of Madrazo Corporation uses residual income to evaluate the performance of its divisions.The minimum required rate of return for performance evaluation purposes is 19%.The Games Division had average operating assets of $410,000 and net operating income of $86,000 in June.
Required:
What was the Games Division's residual income in June?

Madrazo Corporation Uses Residual Income to Evaluate the Performance of Its