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

question 8

Multiple Choice

Use the data below to calculate MNB Ltd's share issue made in 2014.
Equity balance (01/07/2014) - $690,000
Equity balance (30/06/2015) - $1,070,000
Retained Earnings (30/06/2015) - $230,000
There were no dividends declared in the current year and no other reserve accounts.

• A) $610,000
• B) $150,000
• C) $460,000
• D) $380,000

---

Definitions:

Addiction

A complex condition, a brain disorder characterized by compulsive engagement in rewarding stimuli, despite adverse consequences.

Drugs

Substances that cause changes in physiological or psychological functions when consumed, which can be used for medical purposes or illicitly.

Child Development

A multifaceted process where children progress through and achieve milestones in physical, cognitive, social, and emotional domains.

Physics

The natural science that studies matter, its motion, and behavior through space and time, and the related entities of energy and force.