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Please have it easy to read (: Thank you! Exercise 11-10A Effect of no-par common and par preferred stock on the horizontal statements model LO
Please have it easy to read (: Thank you!
Exercise 11-10A Effect of no-par common and par preferred stock on the horizontal statements model LO 11-4 Mercury Corporation issued 9,500 shares of no-par common stock for $30 per share. Mercury also issued 1,100 shares of $35 par, 5 percent noncumulative preferred stock at $45 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 Income Statement Statement of Cash Flows Assets Revenue Expense Net Income Stockholders' Equity Common + Stock Event Preferred Stock Cash + PIC in Excess 1 - Issue of CS + + + 2 - Issue of PS + FA IA OAStep by Step Solution
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