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Business, 02.06.2021 23:30 shaheedbrown06

On August 1, Lola Company’s assets are $31,000 and its liabilities are $11,000. On August 4, Lola issues a sustainability report following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $3,500 cash and $7,500 in equipment in exchange for Lola stock. After the investment, what is the amount of equity for Lola?

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On August 1, Lola Company’s assets are $31,000 and its liabilities are $11,000. On August 4, Lola is...
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