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CAN YOU PLEASE HELP ME ANSWER THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY PLEASE Mercury Corporation issued 4,500 shares of no-par common stock
CAN YOU PLEASE HELP ME ANSWER THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY PLEASE
Mercury Corporation issued 4,500 shares of no-par common stock for $10 per share. Mercury also issued 4,500 shares of $50 par, 5 percent noncumulative preferred stock at $60 per share. Required Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input- leave cells blank if there is no corresponding input needed.) MERCURY CORPORATION Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Preferred Common PIC in Stock Stock Excess Income Statement - Expense Net Income Statement of Cash Flow Assets Coach Cash Event = - 1 - Issue of CS 2 - Issue of PS
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