Which of the Following Statements MOST Accurately Explains a Positive

Multiple Choice

Which of the following statements MOST accurately explains a positive residual income?

A) A division has produced more operating income than the target set by upper management.
B) A division has generated positive operating income.
C) A division has been liquidated, and there is some residual amount of income earned after the liquidation.
D) A division has recorded a profit on sales of plant equipment which was sold for higher than its residual value.