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3 es 1 Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corporation. A month
3 es 1 Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corporation. A month r, Leuig Corporation issued an additional 2,000 shares of stock to Yuppy for $25 per share. uired w the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Statement of Cash Flows column, cate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by event, leave the cell blank. Event - Common stock 2- Issue of additional shares Cash Assets + ++ Balance Sheet B Land E |||| = LEUIG CORPORATION Horizontal Statements Model = Stockholders' Equity Paid-in + Capital in Excess Common Stock + Revenue Income Statement II Expenses B ||||| = Net Income Statement of Cash Flows
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