191. Bruni Corporation began operations on January 1, 2014. During January, Bruni earned revenue of €90,000, incurred expenses of €44,000, and paid dividends of €6,000. Retained earnings at the end the month is
a. €40,000.
b. €46,000.
c. €52,000.
d. €90,000.
192. Sing Tao Inc. began operations on June 2, 2014. During June, Sing Tao sold ordinary shares for HK$17,175,000, earned revenue of HK$3,030,000, incurred expenses of HK$1,545,000, and paid dividends of HK$45,000. Retained earnings at June 30, 2014
a. HK$1,440,000.
b. HK$1,485,000.
c. HK$18,615,000.
d. HK$20,206,000.
193. Sing Tao inc. began operations on June 2, 2014. During June, Sing Tao sold ordinary shares for HK$17,175,000, earned revenue of HK$3,030,000, incurred expenses of HK$1,545,000, and paid dividends of HK$45,000. Equity at the end of June is
a. HK$1,440,000.
b. HK$1,485,000.
c. HK$18,615,000.
d. HK$20,205,000.
194. Nigiri Inc. began operations on October 1, 2014. During October, Nigiri sold ordinary shares for ¥440,000,000, earned net income of ¥64,000,000, and paid dividends of ¥1,978,000. Retained earnings at the end of October is
a. ¥504,000,000.
b. ¥502,022,000.
c. ¥64,000,000.
d. ¥62,022,000.
195. Nigiri Inc. began operations on October 1, 2014. During October, Nigiri sold ordinary shares for ¥440,000,000, earned net income of ¥64,000,000, and paid dividends of ¥1,978,000. Equity at the end of October is
a. ¥504,000,000.
b. ¥502,022,000.
c. ¥64,000,000.
d. ¥62,022,000.
196. 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
a. (€915,000).
b. €5,835,000.
c. €7,665,000.
d. cannot be determined from the information given.
197. During July, its first period of operations, Aju Inc. sold ordinary shares for W960,000,000, earned net income of W130,000,000, and paid dividends of W27,000,000. Retained earnings at the end of July is
a. W1,090,000,000.
b. W1,063,000,000.
c. W933,000,000.
d. W103,000,000.
198. During July, its first period of operations, Aju Inc. sold ordinary shares for W960,000,000, earned net income of W130,000,000, and paid dividends of W27,000,000. Equity at the end of July is
a. W1,090,000,000.
b. W1,063,000,000.
c. W933,000,000.
d. W103,000,000.
Use the following information for questions 199–203
O' Hara Company began operations on December 1, 2014. Presented below is selected information related to O' Hara Company at December 31, 2014.
Equipment? 80,000Utilities Expense ? 12,000
Cash 28,000Accounts Receivable54,000
Service Revenue216,000Salaries and Wages Expense94,000
Rent Expense 26,000 Notes Payable20,000
Accounts Payable 32,000Dividends 30,000
Share Capital-ordinary 56,000
199. At December 31, 2014, assets total
a. £108,000.
b. £140,000.
c. £162,000.
d. £194,000.
200. At December 31, 2014, liabilities total
a. £32,000.
b. £52,000.
c. £74,000.
d. £82,000.