Mica Inc Began Operations in October, 2011 $€ 200,000$

question 166

Multiple Choice

Mica inc. began operations in October, 2011. During October, Mica sold ordinary shares for $€ 200,000$ , earned revenue of $€ 22,000$ , incurred expenses of $€ 12,000$ , and paid dividends of $€ 1,000$ . Equity at the end of the month is

• A) \( € 9,000 \)
• B) \( € 10,000 \)
• C) \( € 209,000 \)
• D) \( € 210,000 \)

---

Definitions:

Physical Units

This refers to the measurement of inventory or production output in tangible, countable units, as opposed to value-based or financial measures.