l****q
发帖数: 767 | 1 Hello everyone,
I am confused about this paragraph on page B3-96 of Becker CPA Review (2007
Edition):
"Retained earnings are often used when acceptable funding cannot be located,
but only for those investments whose return duplicates the risk-adjusted
rate of return of the organization(possibly determined using the CAPM or the
WACC). The return must duplicate or exceed the risk-adjsuted rate of return
because this is demanded by the shareholders, who desire to maintain or
increase shareholder we | l****q
发帖数: 767 | 2 Sorry, I think I confused myself.
Duplicate here means equal or the same. |
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