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Mica Inc Began Operations in October, 2011 200,000 € 200,000

Question 186

Multiple Choice

Mica inc. began operations in October, 2011.During October, Mica sold ordinary shares for 200,000 € 200,000 , earned revenue of 22,000 € 22,000 , incurred expenses of 12,000 € 12,000 , and paid dividends of 1,000 € 1,000 . Retained earnings at the end the month is


A) 9,000 € 9,000
B) 10,000 € 10,000
C) 209,000 € 209,000
D) 210000 € 210000

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