10. A company issued rights to its existing shareholders to purchase, for P30 per share, unissued ordinary shares of P15 par value. When the rights lapse, a. no entry will be made. b. additional paid-in capital will be debited. c. additional paid in capital will be credited. Od. stock rights outstanding will be debited. 11. Assuming that the issuing company has only one class of share capital, * 1 point transfer from retained earnings to contributed capital equal to the market value of the shares issued is ordinarily a characteristic of a. either a share dividend or a share split. b. neither a share dividend nor a share split. c. a share split but not a share dividend. d. a share dividend but not a share split.