company a owned 2 0 0 0 0 shares of ocmpany b purchased in 2 0 1
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company a owned 2 0 0 0 0 shares of ocmpany b purchased in 2 0 1 7 for 4 0 0 0 0 0 . on december 1 5 2 0 2 0 company a declared a property dividend of all of its company b shares on the basis of one share of ocpany b for every 1 0 shares of company a common stock geld by its stockholders. on the declaration date the aggregate market price of the company b shares held by company a was 8 5 0 0 0 0 . the entry to record the declaration of the dividend would include a debit to retained earnings of