During its first year of operations, mario lupo formed lupo company as a corporation and personally invested $15,000 in the business in exchange for common stock. lupo company also paid dividends of $2,000. the company earned $35,000 of revenues and incurred $23,000 of expenses. at the end of the year, the company's equity totaled:
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Home » Business » During its first year of operations, mario lupo formed lupo company as a corporation and personally invested $15,000 in the business in exchange for common stock. lupo company also paid dividends of $2,000.