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please show all work Enlighted Industries owned investment securities with a book value of $24 million on August 12. At that time, Enlighted's board of
please show all work
Enlighted Industries owned investment securities with a book value of $24 million on August 12. At that time, Enlighted's board of directors declared a property dividend consisting of these securities. The fair value of the securities was as follows: Declaration - August 12 $32 million Date of record --- September 1 35 million Distribution date --- September 20 34 million By how much is retained earnings reduced by the property dividendStep by Step Solution
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