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5. Property dividend On 6-13-20, XYZ declared a property dividend, payable in investment securities (bonds of ABC Co) on 9-13-20. Bonds are available for
5. Property dividend On 6-13-20, XYZ declared a property dividend, payable in investment securities (bonds of ABC Co) on 9-13-20. Bonds are "available for sale" investment carried at a FV of $50,000, their CV is $53,000 I 6. Small Stock Dividend On 6-13-20, XYZ declared a 10% small stock dividend (between 20-25% of o/s shares) to be paid 9-13-20, On declaration date stock is selling for $23 per share. XYZ had 20,000 shares of stock outstanding at $10 par value.
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