A company issued rights to its existing shareholders to purchase, for $30 per share, unissued shares of $15 par value common stock. Additional paid-in capital will be credited when the
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Rights are issued |
Rights lapse |
|
|
a. |
Yes |
No |
|
b. |
No |
No |
|
c. |
No |
Yes |
|
d. |
Yes |
Yes |