A startup company, CastP\bar (a) c Inc., is investing money into its operations in anticipation...

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Accounting

A startup company, CastP\bar (a) c Inc., is investing money into its operations in anticipation of growing
revenue. It anticipates that it will need to initially purchase $200,000 of equipment to get its operations
established. At the end of year 1, it anticipates additional costs of $20,000 and revenues of $75,000; at
the end of year 2, it anticipates signing a contract where it will earn $100,000; and at the end of year 3,
it anticipates costs of $35,000 and a revenue of $200,000.
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