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Econnect ACCOUNTING Ch. 18 Test 10. 10.00 points value MC Qu. 88 LO 18-07 Lucid Company declared. Lucid Company declared a property dividend of 27000

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Econnect ACCOUNTING Ch. 18 Test 10. 10.00 points value MC Qu. 88 LO 18-07 Lucid Company declared. Lucid Company declared a property dividend of 27000 shares of $1 par Polk Company common stock. The Polk stock was purchased for $4 per share. Market value was $9 per share on the declaration date and $10 per share on the distribution date. What is the amount of the dividend O $270000 O $108.000 O $351,000. O $243.000. Multiple Choice Mc au 88 LO 18-07 Lucid Company declared OSHIBA esc

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