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Exam IIA-CIA-Part3 All Questions

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Exam IIA-CIA-Part3 topic 1 question 25 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 25
Topic #: 1
[All IIA-CIA-Part3 Questions]

Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?

  • A. A flexible budget.
  • B. Variance analysis.
  • C. A contribution margin income statement by segment.
  • D. Residual income.
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Suggested Answer: D 🗳️
by Mariecia at Nov. 9, 2024, 6:57 a.m.

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Mariecia
2 months, 1 week ago
The following are appropriate financial performance measures for responsibility centers: 1) Cost centers -- Variable costs and total costs 2) Revenue centers -- Gross sales and net sales 3) Profit centers -- Sales, gross margin, and operating income 4) Investment centers a) Return on investment and residual income
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