On April 30,2015,Victoria Secreto sold 1,000 shares of her Limited,Inc.'s common stock to Claire Jewels for $8,000.The stock cost Victoria $5,000.Limited,Inc.'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.
Correct Answer:
Verified
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