Question

Explain the three advantages of retained earnings in details.

Answer 1

Answer:

Accountant Skills lists several advantages to using retained earnings as a source of cash for these things: It's a cheap source of money, as unlike loans, there are no interest payments or fees. Using retained earnings is flexible and fast. ... Retaining earnings can increase your future earnings.

Explanation:

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Answer 2

Answer:

Accountant Skills lists several advantages to using retained earnings as a source of cash for these things: It's a cheap source of money, as unlike loans, there are no interest payments or fees. Using retained earnings is flexible and fast. ... Retaining earnings can increase your future earnings.