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Posted: June 15th, 2022
How should a company account for the legal costs of formation
1. How should a company account for the legal costs of formation? Should the accounting treatment be the same as that for underwriting and other share issue costs?2. What is a rights issue? Distinguish between a renounceable and a non-renounceable rights issue. How would a company account for such issues?Each answer should be min 300 words in proper formatting3. What is private placement of shares? What are the advantages and disadvantages of a private placement
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