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How much is the initial carrying amount of the stock rights

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Problem 1: On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equity  securities to subscribe to new shares at ?60 per share for every 4 rights held. Prior to issuance of  stock rights, the shares were selling at ?80 per share. How much is the initial carrying amount of the stock rights?

a. 20,000            c. 50,000
b. 40,000           d. cannot be determined

Reference no: EM132785340

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