7 2 points Save Answer ABC Corp. has an investment in 11,000 shares of XYZ Company ordinary shares with a cost of $330,000. These shares are used in a property dividend to shareholders of ABC Corp. The property dividend is declared on May 25 and scheduled to be distributed on July 31 to shareholders of record on June 15. The market value per XYZ share is $27 on May 25, $32 on June 15, and $34 on July 31. The unrealized gain or loss for ABC Corp. would be: OA. $30,000 gain. OB. $33,000 loss. OC. $40,000 gain OD. No gain or loss Question 6 The following information are available for Sarah Lee Company on December 31, 2018: Equity Preference Ordinary Preference Shares, 6% (7,500 Outstanding Shares, $10 Par) $750,0000 Ordinary Shares (250,000 Outstanding Shares, $5 Par) 1,250,000 Share Premium - Ordinary 500,000 Retained Earnings 650,000 2 points Save Answer If the net income for the year 2018 is included in the retained earnings and 2 years are dividends in arrears. The preference shares are cumulative and nonparticipating The book value per share will be: OA. $9.00/share OB. $9.60/share. OC. $9.06/share OD. $7.00/share