Question: Smith Compary exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $ 3 5 per share

Smith Compary exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $35 per share and the building's book value on the books of the seller was $250,000.
Which of the following is correct for Smith Company when 5 mith issues 10.000 shares of $10 par value common stock and pays $20,000 cash in exchange for the building?
Muhiple Choice
Stockhoiders' equity increases 13100000.
Iotal assels increase $350.000.
Totas avsets increase $390,000.
Siochholders' equity noreases $250060
Smith Compary exchanges assets to acquire a

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