Cari's Bakery, Inc., began operations in October 2017. The owner contributed cash of $18,000 and...
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Cari's Bakery, Inc., began operations in October 2017. The owner contributed cash of $18,000 and a delivery truck with fair value of $24,000 to the company.
A. Increase contributed capital by $42,000
B. Increase earned capital by $42,000
C. Increase contributed capital by $18,000 and earned capital by $24,000
D. Increase earned capital by $18,000 and contributed capital by $24,000
E. None of the above
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