During 2013, XYZ Company Issued Common Stock to Stockholders for $10,000;

question 109

Essay

During 2013, XYZ Company issued common stock to stockholders for $10,000; purchased land for $2,000 cash; provided services to customers for $8,000; paid cash operating expenses of $6,200; and paid cash dividends of $1,000 to the company's owners. Enter each of these events into the horizontal financial statements model, below. Indicate dollar amounts of increases and decreases. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA).

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Definitions:

Red And Yellow Parrot

Describes a type of parrot with a distinctive plumage that includes shades of red and yellow, often associated with species like the Sun Conure.

Birds Of The World

Refers to the various species of birds that inhabit different ecosystems across the planet.

Hard Brown Shell

Typically refers to the tough outer covering of certain fruits, nuts, or seeds.

Outer Husk

The tough external covering of certain fruits or seeds, which protects the softer parts inside.