Retained earnings are the profits a firm reinvests and are often a major source of longterm funds.

Name: Retained earnings are the profits a firm reinvests and are often a major source of longterm funds.
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Question

Retained earnings are the profits a firm reinvests and are often a major source of long­term funds.

Quizplus · Accepted Answer

Retained earnings refer to profits that a company keeps and reinvests in the business rather than distributing them as dividends to shareholders. This reinvestment can serve as a significant source of long-term funds for the company.

Retained Earnings Are the Profits a Firm Reinvests and Are