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Answer the following questions. Hint: Use the accounting equation. a . On January 1 , Lumia Company's liabilities are $ 6 0 , 0 0
Answer the following questions. Hint: Use the accounting equation.
a On January Lumia Company's liabilities are $ and its equity is $ On January Lumia purchases solar panel assets costing $ For the panels, Lumia pays $ cash and promises to pay the remaining $ months. What is the total of Lumia's assets after the solar panel purchase?
b On March ABX Company's assets are $ and its liabilities are $ On March ABx is fined $ emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity fol
c On August Lola Company's assets are $ and its liabilities are $ On August Lola issues a sustai On August ownership invests $ cash and $ of equipment in Lola. After the investment, what is the : for Lola?
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On August Lola Company's assets are $ and its liabilities are $ On August Lola issues a sustainability report. On August ownership invests $ cash and $ of equipment in Lola. After the investment, what is the amount of equity for Lola?
tableAssets,Liabilities,EquityAugust $$ChangeAugust
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