If a Firm Incurs a Loss During a Particular Year,or

question 46

Multiple Choice

If a firm incurs a loss during a particular year,or if the firm had positive net income but paid out dividends more than the net income,its retained earnings for that year will most likely be

• A)a large positive number.
• B)a low positive number.
• C)zero.
• D)impossible to determine from this information.
• E)a negative number.