Mica Inc Began Operations in October, 2014

question 196

Multiple Choice

Mica Inc. began operations in October, 2014. During October, Mica sold ordinary shares for €600,000, earned revenue of €66,000, incurred expenses of €36,000, and paid dividends of €3,000. Equity at the end of the month is

• A) €27,000.
• B) €30,000.
• C) €627,000.
• D) €630,000.

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Definitions:

Moral Therapy Approach

A treatment philosophy from the 19th century focused on treating psychiatric patients with compassion and understanding, rather than with physical restraint and coercion.

Mentally Ill

Referring to individuals who suffer from mental disorders that affect their cognition, behavior, and abilities to function in daily life.

Printed

Referring to material that has been produced by a printing process, such as books, documents, or photographs, typically on paper.

Psychogenic Approach

A perspective in psychology and medicine that attributes the cause of symptoms or disorders to psychological factors rather than organic or physiological bases.