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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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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