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on september 20, 2015, nozzle corporation declared the distribution of the following dividend to one of its stockholders of record as of september 30, 2015:
on september 20, 2015, nozzle corporation declared the distribution of the following dividend to one of its stockholders of record as of september 30, 2015: land with a carrying value of $600,000, an FMV on september 20 of $1,450,000, and an FMV of September 30 of $1,575,000. The entry to record the delcaration of the property dividened would include a debited to retained earnings for what amount
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
