Represent a favorable source of meeting long-term financing needs because there are no interest payments, dividends, or underwri

Question

Semmy [17]

2 years ago

14

Represent a favorable source of meeting long-term financing needs because there are no interest payments, dividends, or underwri

ting fees required when using this source. secured bonds debentures warrants retained earnings

Social Studies

1 answer:

Margaret [11] · Answer 1 · 2022-07-05T19:43:48+03:00

Margaret [11]2 years ago

8 0

<span>Retained earning is one such source for long-term financing needs of the company. It is accumulated over a long period and is favourable source in such case.</span>