ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 62

Question 24
Which one of the following items is not necessary in preparing a
statement of cash flows?
Question 25
Quincy Corp. earned controllable margin of $500,000 on sales of
$6,400,000. The division had average operating assets of $5,200,000.
The company requires a return on investment of at least 8%. How
much is residual income?
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ACC 556 Final Part 2 (100% Correct Answers)
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Final Part 2

Question 1
A manager of a cost center is evaluated mainly on
Question 2
Bogey Co. recorded operating data for its Cheap division for the year.
Bogey requires its return to be 10%.
Sales
Controllable margin

$ 1,400,000
160,000