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Cari's Bakery, Inc., began operations in October 2017. The owner contributed cash of $18,000 and...

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Finance

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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