The excess of divisional income from operations over a minimum amount of desired income from operations is termed the residual income.

Name: The excess of divisional income from operations over a minimum amount of desired income from operations is termed the residual income.
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Quizplus · Accepted Answer

This statement is true. Residual income is the amount of income that remains after deducting the minimum amount of desired income from operations.

The Excess of Divisional Income from Operations Over a Minimum