Question
lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common stock. the Polk stock was purchased for $2 per share.
lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common stock. the Polk stock was purchased for $2 per share. Market value was $8 per share on the declaration date and $9 per share on the distribution date. What is the amount of the dividend?
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
