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

Question

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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The Answer of 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

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