Paul Joyce purchases 100 common shares of TechTop Ltd. for $12 per share from the companys initial
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Paul Joyce purchases 100 common shares of TechTop Ltd. for $12 per share from the company’s initial public offering. Later, Paul purchases 200 more TechTop Ltd. common shares for $20 each on the Toronto Stock Exchange, using his own online brokerage account. Explain the impact of each of these transactions on TechTop’s assets, liabilities, and shareholders’ equity.
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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