_________ are the only long-term funds that a company can generate internally.Multiple ChoiceRetained earningsTrade creditsCommercial certificates of depositsSerial bonds
Question
_________ are the only long-term funds that a company can generate internally.Multiple ChoiceRetained earningsTrade creditsCommercial certificates of depositsSerial bonds
Solution
The answer is Retained earnings. These are the only long-term funds that a company can generate internally.
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