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:

Input-validation Loop

A programming construct used to repeatedly request input from the user until the input meets certain validation criteria.

Condition-controlled Loop

A loop that executes as long as a specified condition remains true.

Valid Range

The set of values that a variable or expression is legally allowed to take within a program.

Expression

A combination of variables, constants, and operators that the programming language evaluates to produce a value.