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Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $41 per share and the

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Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $41 per share and the building's book value on the books of the seller was $230,000 Which of the following is correct for Smith Company when Smith issues 10,000 shares of $10 per value common stock and pays $23,000 cash in exchange for the building? Multiple Choice Stockholders' equity increases $397000 Stockholders' equity increases $230,000 Tots increase $410,000 Totales increase $397000

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