Increase in the total stockholders equity

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On December 1, 2010, Abel Corporation exchanged xx,000 shares of its $xx par value common stock held in treasury for a used machine. The treasury shares were acquired by Abel at a cost of $xx per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a market value of $xx per share (the shares were originally issued at $xx per share). As a result of this exchange, Abel's total stockholders' equity will increase by ??

Reference no: EM13151552

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