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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