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Posted on Mar 28, 2023

On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equity securities to subscribe to new shares at F60 per share

On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equity securities to subscribe to new shares at F60 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?

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