Question Details

Le Bateau Company began operations 



1. 	During October, Mica Inc. sold ordinary shares for €200,000, earned revenue of €22,000, incurred expenses of €12,000, and paid dividends of €1,000. Net income for the month is
a.	€9,000
b.	€10,000
c.	€209,000
d.	€210,000


2. 	During January, Bruni Corporation earned revenue of €45,000, incurred expenses of €22,000, and paid dividends of €3,000. The income statement will report net income for the month of
a.	€20,000
b.	€23,000
c.	€26,000
d.	€45,000


3. 	Nigiri inc. began operations on October 1, 2011. During October, Nigiri sold ordinary shares for ¥220,000,000, earned net income of ¥32,000,000, and paid dividends of ¥989,000. Retained earnings at the end of October is
a.	¥252,000,000
b.	¥251,011,000
c.	¥32,000,000
d.	¥31,011,000

		

4. 	Nigiri inc. began operations on October 1, 2011. During October, Nigiri sold ordinary shares for ¥220,000,000, earned net income of ¥32,000,000, and paid dividends of ¥989,000. Equity at the end of October is
a.	¥252,000,000
b.	¥251,011,000
c.	¥32,000,000
d.	¥31,011,000

		

5. 	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
a.	(€610,000).
b.	€3,890,000
c.	€5,110,000.
d.	cannot be determined from the information given.





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