The Good Word Store Reported the Following Figures: Retained Earnings

question 125

Multiple Choice

The Good Word Store reported the following figures: Retained Earnings, January 31, 2017.........................$38,000,000
Retained Earnings, January 31, 2018.........................$15,000,000
Total Stockholders' Equity, January 31, 2017...........$30,000,000
Total Stockholders' Equity, January 31, 2018...........$26,000,000
The company's fiscal year ends on January 31 each year. Dividends declared for the fiscal year ending January 31, 2018 are $9,000,000. What is the net income or net loss for the fiscal year ending January 31, 2018?

• A)$9,000,000 net loss
• B)$14,000,000 net loss
• C)$23,000,000 net loss
• D)$6,000,000 net loss

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Definitions:

Institutions

Structures or mechanisms of social order governing the behavior of individuals within a community, often deeply embedded in the culture.

Sexual Violence

Acts of sexual assault or coercion against an individual without their consent, including rape, molestation, and other forms of sexual abuse.

Status

The relative social, professional, or other standing of someone or something.

Conditions

Circumstances or factors affecting the way in which people live or work, especially with regard to their well-being.