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When stock rights are issued to stockholders, which journal entry would be recorded by the issuing company? Debit to Cash, Credit to Stock Rights A

When stock rights are issued to stockholders, which journal entry would be recorded by the issuing company? Debit to Cash, Credit to Stock Rights A memorandum entry is made instead of a journal entry Debit to Stock Rights, Credit to Cash Debit to Common Stock, Credit to Stock Rights

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