Le Bateau Company began operations on March 1, 2014. During March, Le Bateau sold ordinary shares for €6,750,000 and incurred a net loss of €915,000. Equity at the end of March is

Question

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The equity at the end of March is the sum of the proceeds from the sale of ordinary shares and the net loss incurred. Therefore, equity at the end of March is €6,750,000 - €915,000 = €5,835,000.

Le Bateau Company Began Operations on March 1, 2014