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Tom Yuppy, a wealthy Investor, paid $56,280 for 1,340 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig
Tom Yuppy, a wealthy Investor, paid $56,280 for 1,340 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2.680 shares of stock to Yuppy for $42 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 (Alor financing activity FA, Wan element was not affected by the event, leave the cell blank LEUIG CORP. Horizontal Statements Model Balance Sheet - Revenue Stockholders' Equity Common PIC in Event Cash + Land 1 - Common Stock 2 - Issue of a tional shares
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