The Good Word Store Reported the Following Figures: Retained Earnings,January

question 120

Multiple Choice

The Good Word Store reported the following figures: Retained Earnings,January 31,2014.........................$20,000,000
Retained Earnings,January 31,2015.........................$15,000,000
Total Stockholders' Equity,January 31,2014...........$29,000,000
Total Stockholders' Equity,January 31,2015...........$25,000,000
The company's fiscal year ends on January 31 each year.Dividends declared for the fiscal year ending January 31,2015 are $1 million.What is the net income or net loss for the fiscal year ending January 31,2015?

• A)$1 million net loss
• B)$4 million net loss
• C)$5 million net loss
• D)$6 million net loss

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Definitions:

Developmental Level

A measure or assessment of an individual's growth, maturation, or psychological and emotional progress at a specific age.

Chest Radiograph

An X-ray image of the chest used to evaluate the lungs, heart, and chest wall.

Cardiac Problems

Medical conditions related to the dysfunction of the heart.

Cardiac Catheterization

A medical procedure used to diagnose and treat some heart conditions, involving the insertion of a long, thin tube into a vein or artery and guiding it to the heart.