Soccer Starz, Inc

question 65

Multiple Choice

Soccer Starz, Inc. started the year with a balance of retained earnings of $25 million and ended the year with retained earnings of $32 million. The company paid dividends of $2 million to the preferred stock holders and $6 million to common stock holders. What was Soccer Starz's net income for the year?

• A) $7 million
• B) $15 million
• C) $40 million
• D) $49 million

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Definitions:

Social Phobia

A chronic mental health condition characterized by an intense fear of social situations, leading to avoidance and distress.

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, loss of interest in activities, and various emotional and physical problems.

Psychotherapy

A therapeutic treatment involving psychological techniques, intended to assist individuals in understanding and resolving their behavioral, emotional, and mental issues.

Middle Eastern Countries

Nations located in the Middle East region, characterized by cultural, religious, and geopolitical diversity, including countries such as Saudi Arabia, Iran, and Israel.