Question: On August 1, Lola Company's assets are $30,000 and its liabilities are $10,000 . On August 4 , Lola issues a sustainability report. On August

On August 1, Lola Company's assets are

$30,000

and its liabilities are

$10,000

. On August 4 , Lola issues a sustainability report. On August 5, ownership invests

$3,000

cash and

$7,000

of equipment in Lola. After the investment, what is the amount of equity for Lola?\ \\\\table[[,Assets,

=

,Liabilities + Equity],[August 1,

$

,30,000,

=

,

$10,000+
On August 1, Lola Company's assets are $30,000 and its liabilities

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