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
Correct Answer:
Verified
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