Le Bateau Company began operations on March 1, 2011.During March, Le Bateau sold ordinary shares for €4,500,000 and incurred a net loss of €610,000.Equity at the end of March is

Question

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At the end of March, Le Bateau has equity of €4,500,000 (from selling shares) - €610,000 (net loss) = €3,890,000. Option B is the only choice that matches this value.

Le Bateau Company Began Operations on March 1, 2011