Which of the following is true regarding the term residual income? Group of answer choices...
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Accounting
Which of the following is true regarding the term residual income? Group of answer choices a. Residual income is the income over and above the amount needed to cover current expenses. b.Residual income is the income in excess of a charge for the capital that is employed to generate that income. c.Residual income is equal to economic income. d.Residual income is called abnormal earnings when applied to the enterprises operating income and invested capital.
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