Retained earnings are typically used by the entrepreneur to re-pay angel investors or venture capitalists who may have taken a chance on the new venture.

Name: Retained earnings are typically used by the entrepreneur to re-pay angel investors or venture capitalists who may have taken a chance on the new venture.
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Question

Quizplus · Accepted Answer

Retained earnings are usually reinvested in the business for growth or used to pay off debts, but not specifically earmarked for repaying investors like angel investors or venture capitalists.

Retained Earnings Are Typically Used by the Entrepreneur to Re-Pay