What is residual income?
A) Excess income earned after budgeted income has been achieved
B) The excess of investment center income over the minimum return set by management
C) A percentage of income received by an organization for its participation in a joint venture
D) Income beyond the breakeven point determined by the product's lifecycle

Question

Quizplus · Accepted Answer

Residual income is the balance after subtracting the minimum return on assets from the income of the division.

What Is Residual Income