What is the entry to record stock rights


Viable company issues rights to subscribe to new stock at 150per share in the ratio of one new share for every five shares held. the share has market value ex-right of 190 and the right, 10. an investor owns 10000 shares acquired at a total cost of 1,800,000 to be held as longterm investment. what are the journal entries to record the acquisition of the original investment? how many stock rights will the investor receive? what is the cost of the stock rights? what is the entry to record stock rights?

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Accounting Basics: What is the entry to record stock rights
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