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True or False? AFN funding must come from internal fund sources like retained earnings.

True or False? AFN funding must come from internal fund sources like retained earnings.

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Answer #1

Ans. True

AFN MEANS ADDITIONAL FUND NEEDED to expand the operation or sales of the firm. So the formula is,

Projected additional assets - increase in liability - increase in retain earnings. If answer in negetive means project will earn profit which can be invested in other unit of firm.

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