Use the Data Below to Calculate MNB Ltd's Share Issue

question 46

Multiple Choice

Use the data below to calculate MNB Ltd's share issue made in 2017.

Equity balance (01/07/2017) - $700,000
Equity balance (30/06/2018) - $1,070,000
Retained Earnings (30/06/2018) - $230,000

There were no dividends declared in the current year and no other reserve accounts.

• A)$610,000
• B)$150,000
• C)$140,000
• D)$380,000

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Definitions:

Well-Learned Behavior

is an action or response that has been practiced so much that it becomes automatic or performed without conscious thought.

Mechanistic Processes

Systems or methods that operate or are explained through mechanical or predictable outcomes, often relating to the fundamental physical or biochemical operations underlying a phenomenon.

S-R Association

The connection between a stimulus (S) and the response (R) it triggers, fundamental to behaviorist theories of learning.