22. In accounting for compensated absences, the difference between vested rights and accumulated rights is that: A) vested rights are normally for a longer period of employment than are accumulated rights. B) vested rights are not contingent upon an employee's future service. C) vested rights are a legal and binding obligation on the company, whereas accumulated rights expire at the end of the accounting period in which they arose. D) vested rights carry a stipulated dollar amount that is owed to the employee; accumulated rights do not represent monetary compensation. 23. Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15 shares of its $15 par value preferred stock having a fair v= of $20 per share for a lump sum of $520,000. How much proceeds would be allocated to the common stock? A) $250,000 B) $236,364 C) $283,636 D) $276,250