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Please answer true or false 5. Spontaneously generated funds are associated with the retention of earnings which results in additions to the retained earnings balance

Please answer true or falseimage text in transcribed

5. Spontaneously generated funds are associated with the retention of earnings which results in additions to the retained earnings balance presented on the firm's balance sheet. 6. Economies of scale can cause the percentage of sales approach to be inaccurate. 7. Lumpy asset is finance jargon for any fixed asset which is depreciated over multiple periods of the firm's operations

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