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Answer, please? 4) On Oetober 1, 2016, White Company declared a property dividend payable in the form of marketable equity securities classified as available for
Answer, please? 4) On Oetober 1, 2016, White Company declared a property dividend payable in the form of marketable equity securities classified as "available for sale" for financial accounting purposes. The marketable equity securities will be distributed to the common stockholders on December 1. 2016. The investment in equity securities originally cost White $510,000 on August 1, 2016. The investment's fnir value on various dates is as follows: Oetober 1, 20165530,000 Devember 1, 2016 535,000 December 31,2016540,000 The amount credited to Gain on Disposal of Investmeots resulting from this dividend transaction should be A) 50 . B) SXi.000. C) Y4ss boon D) 530,000
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