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Fixit Corporation issued 48,000 shares of $10 par value common stock at its current market price of $37. How does this event affect total stockholders'

Fixit Corporation issued 48,000 shares of $10 par value common stock at its current market price of $37. How does this event affect total stockholders' equity?

Multiple Choice

It increases by $480,000.

It increases by $1,296,000.

It is unaffected.

It increases by $1,776,000.

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