Multiple Choice
Mica Inc. began operations in October, 2014. During October, Mica sold ordinary shares for €600,000, earned revenue of €66,000, incurred expenses of €36,000, and paid dividends of €3,000. Retained earnings at the end the month is
A) €27,000.
B) €30,000.
C) €627,000.
D) €630,000.
Correct Answer:
Verified
Correct Answer:
Verified
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