Tom Yuppy, a wealthy investor, paid $ for shares of $ par common stock issued to him by Leuig Corporation. A month later, Leuig Corporation issued an additional shares of stock to Yuppy for $ per share.
Required
Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Statement of Cash Flows 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.
tableEventtableLEUIG CORPORATIONHorizontal Statements ModeltableStatement of CashFlowsBalance Sheet,Income StatementAssetsStockholders' Equity,Revenue,Expenses,Net IncomeCashLand,tableCommonStocktablePaidinCapital inExcess Common stock,, Issue of additional shares,,
