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Required: 1. How should Rose classify the Preferred Stock under ASC 480? 2. Determine whether the Warrants meet the definition of a freestanding financial instrument

Required: 1. How should Rose classify the Preferred Stock under ASC 480? 2. Determine whether the Warrants meet the definition of a freestanding financial instrument as defined in ASC 480. 3. How should Rose classify the Warrants under ASC 480

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