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14 ABC Global declared a property dividend. The dividend consisted of 22,000 common shares of its investment in XYZ Co. The shares had originally been
14 
ABC Global declared a property dividend. The dividend consisted of 22,000 common shares of its investment in XYZ Co. The shares had originally been purchased at $12 per share and had a $1 par. The fair value of the shares on declaration date was $8 per share The first entry to record related to this dividend includes a (Click to select)
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
