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Which of the following is incorrect for Smith Company when Smith issues 10,800 shares of...

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Accounting

Which of the following is incorrect for Smith Company when Smith issues 10,800 shares of $20 par value common stock and pays $20,800 cash in exchange for the building?
Multiple Choice
The common stock account increases by $216,000.
Stockholders' equity increases $378,000.
The bullding account increases by $398,800.
The additional paid-in capital account increases by $216,000.
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