When the market value of the common stock was $12 per share, the rights were exercised. As a marketable security b. As a deduction at cost from total…

When the market value of the common stock was $12 per share, the rights were exercised. A. As a marketable security b. As a deduction at cost from total stockholders” equity c. As a deduction at cost from total contingent liabilities d. As a deduction at par from total stockholders” equity 8. A company issued rights to its existing shareholders to purchase for par unissued shares of common stock with a par value of $10 per share. 7. Which of the following is an appropriate presentation of treasury stock? A. As a marketable security b. As a deduction at cost from total stockholders” equity c. As a deduction at cost from total contingent liabilities d. As a deduction at par from total stockholders” equity 8. A company issued rights to its existing shareholders to purchase for par unissued shares of common stock with a par value of $10 per share.