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Seved Help Save & Exit Submit Check my work 7 Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock
Seved Help Save & Exit Submit Check my work 7 Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,000 shares of stock to Yuppy for $25 per share Required points Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. eBook Hint TOM YUPPY CO Print Horizontal Statements Model References Balance Sheet Income Statement Statement of Cash Flow Assets - Stockholders' Equity Revenue - Expense = Net Income Event Common Cash Land StockPIC in 1 - Common stochk 2- Issue of additional shares
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