On April 30,2018,Marie Claire Sold 1,000 Shares of Her Spectrum

question 23

Multiple Choice

On April 30,2018,Marie Claire sold 1,000 shares of her Spectrum Company's common stock to Fountain of the Sun for $16,000.The stock cost Marie Claire $10,000.Spectrum Company's accounting equation:

• A)is not affected because the corporation is separate from its owners.
• B)is not affected because of the cost principle.
• C)will show an increase in total assets and total stockholders' equity.
• D)will show a decrease in total assets and total stockholders' equity.

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