Residual income is Select one: A. the excess of investment center income over the minimum return set by management. B. income beyond the breakeven point determined by the product's lifecycle. C. excess income earned after budgeted income has been achieved. D. a percentage of income received by an organization for its participation in a joint venture.

Excess of investment center income over the minimum return set by the management.

Explanation:

Residual income can be defined as the continuous flow of cash after a particular work/task has been completed. This means an individual continuous to get payment after a work is done. This includes the amount of money that is acquired from business investments, royalties gotten from a published article or book, renting of an apartment, creating an application, working with different affiliates.

Residual income enables an individual to work on other business opportunities while still earning money from the previous efforts.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

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