ABC Carp property and $40 ent in 11,000 shares of XYZ Company ordinary shares with a cost of $300,000. These shares are used in a property divider to shaders of ABC Corp. The on May 25 and scheduled to be distributed on July 31 to shareholders of cond on June 15. The market value per KXYZ shares $70 on s July 11. The effect of this property dividend on retained eamings is a reduction of OA. $880,000 OR $750,000 OC. $800,000 00 $770,000 Question Click Selenit to complete the ass ABC Com has an investment in 11.000 shares of XYZ Company ordinary shares with a cost of $300,000. These shares are used in a property adenov property and in declared on May 25 and scheduled to be distributed on July 31 to shareholders of record on June 15. The market value per XYZ and $80 on July 31 The net effect of this property dividend on retained earnings is a reduction of OA. $880,000. OB. $750,000. OC. $800,000. OD. $770,000. My