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

question 59

Multiple Choice

The Good Word Store reported the following figures: Retained Earnings,January 31,2019.........................$39,000,000
Retained Earnings,January 31,2020.........................$22,000,000
Total Stockholders' Equity,January 31,2019...........$30,000,000
Total Stockholders' Equity,January 31,2020...........$26,000,000
The company's fiscal year ends on January 31 each year.Dividends declared for the fiscal year ending January 31,2020 are $14,000,000.What is the net loss for the fiscal year ending January 31,2020?

• A)$14,000,000 net loss
• B)$3,000,000 net loss
• C)$17,000,000 net loss
• D)$8,000,000 net loss

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Definitions:

Business Risk

The potential for financial loss in operating a business, arising from factors such as changes in market demand, costs, competition, and regulatory environment.

Entrepreneurs

Individuals who start, organize, and manage new business ventures, taking on financial risks in the hope of profit.

Earthquake Insurance

A type of property insurance that covers damage to a building and its contents caused by seismic activities.

Tolerance for Risk

The degree to which an individual or organization can withstand risk, particularly in investment, without experiencing adverse effects.