1. How should a company account for the legal costs of formation? Should the accounting therapy be the similar as that for underwriting and different share problem costs?2. What’s a rights problem? Distinguish between a renounceable and a non-renounceable rights problem. How would a company account for such points?Every reply should be min 300 phrases in correct formatting3. What’s personal placement of shares? What are the benefits and downsides of a personal placement

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