Which One of the Following Items Would Most Likely Not

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

A) Fixed assets employed in division operations.
B) Land being held by the division as a site for a new plant.
C) Division inventories when division management exercises control over the amount of short-term credit used.
D) Division accounts payable when division management exercises control over the amount of short-term credit useD.
Land would be a strategic asset that is not controlled by the division manager.