Question
On August 8-2017 the company declare a property dividend to stockholders. equity investment that costing $600,000 to be distributed on February 20-2018 to stockholders of
On August 8-2017 the company declare a property dividend to stockholders. equity investment that costing $600,000 to be distributed on February 20-2018 to stockholders of record on January 31, 2012. At the date of declaration, the equity investment has a market value of $900,000.
At date of declaration:
At date of distribution:
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
