Mercury Corporation issued 9,500 shares of no-par common stock for $15 per share. Mercury also...
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Accounting
Mercury Corporation issued 9,500 shares of no-par common stock for $15 per share. Mercury also issued 4,200 shares of $75 par, 6 percent noncumulative preferred stock at $85 per share. Required: Record these events 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).
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