Mathematics, 05.09.2021 23:20 justintintran

On August 1, Lola Company’s assets are $36,000 and its liabilities are $16,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $6,000 cash and $10,000 of equipment in Lola. After the investment, what is the amount of equity for Lola?

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On August 1, Lola Company’s assets are $36,000 and its liabilities are $16,000. On August 4, Lola is...