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4. On May 15th Daisey Corporation declared a dividend. Land with a book value of $800,000 and a fair market value of $600,000 was to

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4. On May 15th Daisey Corporation declared a dividend. Land with a book value of $800,000 and a fair market value of $600,000 was to be distributed to owners of record of June 15th. The distribution date was July 15th. Prepare the appropriate journal entries

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