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Tom Yuppy, a wealthy Investor, paid $38,280 for 1160 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig
Tom Yuppy, a wealthy Investor, paid $38,280 for 1160 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,320 shares of stock to Yuppy for $33 per share. Required: 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 TOM YUPPY CO. Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Income Statement Statement of Cash Expense - Assets Net Income PIC in Event Land - Common Stock Cash 38.200 + - 1 - Common Stock 2. un of additional shares
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