Question

Monty Corp began operations in July 2022. At the end of the month, the company _________.

A) declared bankruptcy
B) reported a loss
C) closed a major deal
D) assessed its tax liabilities

Answer 1

Monty Corp reported a loss at the end of the month.

Step-by-step explanation:

Monty Corp began operations in July 2022. At the end of the month, the company reported a loss (option B). When a company reports a loss, it means that its expenses exceed its revenues. This could happen due to various reasons such as high operating costs, low sales, or unexpected expenses. In Monty Corp's case, further analysis would be needed to determine the specific reasons for the loss.