During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, compute the company's totaled equity?

Answer rating: 100% (QA)

Revenue 35000 Expenses 23000 Profit Re... View the full answer