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Topic: Dividend JC Company owns multiple investments that pay quarterly dividends. One such investment is stock ownership in Scooter, Inc. Instead of distributing a cash

Topic: Dividend JC Company owns multiple investments that pay quarterly dividends. One such investment is stock ownership in Scooter, Inc. Instead of distributing a cash dividend, Scooter, Inc distributed Bear & Luke Company preferred stock to all of its shareholders, including JC Company. (avoid presentation for #4) Should we do it?

Required: How (at what value) should the preferred stock dividend be recorded? Provide appropriate citations.

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