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Posted on Oct 01, 2024

On August 1 , Lola Company's assets are $ 4 3 , 0 0 0 and its liabilities are $ 2 3 , 0 0

On August

1,

Lola Company's assets are $

43, 000

and its liabilities are $

23, 000 .

On August

4,

Lola issues a sustainability report. On August

5,

ownership invests $

9, 500

cash and $

13, 500

of equipment in Lola. After the investment, what is the amount of equity for Lola?

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