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Sasha Velour's Tinyhouses has been incredibly successful making and selling tiny houses, and has decided to send each of their shareholders their own tiny house
Sasha Velour's Tinyhouses has been incredibly successful making and selling tiny houses, and has decided to send each of their shareholders their own tiny house (retail value of $10) out of inventory as a property dividend. Which is true about the journal entry related to declaring the property dividend? This transaction will reduce cash None of the given answers. This transaction will not impact retained earnings This transaction will reduce inventory This transaction will increase a liability
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