Check Tom Yuppy, a wealthy investor, exchanged a plot...
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Accounting
Check Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $31,320 for 1,080 shares of $10 par common stock issued to him by Leuig Corp. On the same date, Leuig Corp. issued an additional 2,160 shares of stock to Yuppy for $29 per share Required a. What was the value of the land at the date of the stock issue? Value of the land b. Record the transactions 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). Not all cells require input.) Balance Sheet Income Statement
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