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Tom Yuppy, a wealthy investor, paid $42,000 for 1200 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig
Tom Yuppy, a wealthy investor, paid $42,000 for 1200 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2.400 shares of stock to Yuppy for $35 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 (A), or financing activity (FA). If an element was not affected by the event, leave the cel blank LEUIG CORP. Horizontal Statements Model E ce Sheet Income Statement Statement of Cash As Revenue Expense - Not Income Stockholders' Equity PC in F cash . Land 11. Common stock 2 toalhas
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