What is the equation to determine the estimated additional funds needed (AFN)??

A. ?Estimated AFN = Forecasted increase in assets + Forecasted increase in liabilities + Forecasted increase in retained earnings
B. ?Estimated AFN = Forecasted increase in assets - Financing feedbacks + forecasted increase in retained earnings
C. ?Estimated AFN = Forecasted increase in assets - Financing feedbacks - spontaneously generated funds
D. ?Estimated AFN = forecasted increase in liabilities + Financing feedbacks + spontaneously generated funds
E. ?Estimated AFN = Forecasted increase in assets - Forecasted increase in liabilities - forecasted increase in retained earnings


Answer: E

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