Contemporary Financial Management
Contemporary Financial Management
14th Edition
ISBN: 9781337090582
Author: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
Publisher: Cengage Learning
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Chapter 12, Problem 1QTD
Summary Introduction

To discuss: The way in which retained earnings vary from other finance sources.

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Explanation of Solution

Retained earnings is considered as a source of finance made internally within the organization. while other sources of funding (preference shares, long-period debt, and afresh issued common stock) are outside sources of funding.

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