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Residual income is A) excess income earned after budgeted income has been achieved. B) the excess of investment center income over the minimum return set

Residual income is

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.

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