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:

Gender-specific Toys

Toys that are marketed or designed specifically for children of a particular gender, reinforcing traditional gender roles.

Socialization

The process by which individuals internalize the values, beliefs, and norms of a society and learn to function as members of that society.

Traditional Gender Roles

Socially and culturally defined prescriptions and beliefs about the behavior and responsibilities of men and women, often based on normative concepts of masculinity and femininity.

Feral Children

Children who have lived isolated from human contact from a very young age, and have little or no experience of human care, behavior, or language.