Baltimore Company reports total assets and total liabilities of $271,000 and $90,000, respectively, at the conclusion, of its first year of business. The company earned $67,500 during the first year, and distributed $34,000 to shareholders as dividends. 

How much did shareholders initially invest in the business?

Answer rating: 100% (QA)

We can use the accounting equation to determine how much shareholders initially invested in the busi... View the full answer