Which of the following is a source of long-term funds for a firm?
A) Revolving credit agreements
B) Factoring
C) Spontaneous financing
D) Retained earnings

Name: Which of the following is a source of long-term funds for a firm? A) Revolving credit agreements B) Factoring C) Spontaneous financing D) Retained earnings
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Question

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Retained earnings are profits that a company has kept in the business instead of distributing to shareholders, and they are considered a source of long-term financing.

Which of the Following Is a Source of Long-Term Funds