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Which of the following statements about property dividends is not true? The accounting for a property dividend is based on the book value of the

Which of the following statements about property dividends is not true?

The accounting for a property dividend is based on the book value of the nonmonetary assets transferred.

Property dividends may be merchandise or real estate.

A property dividesid is also called a dividend in kind.

A property dividend is usually in the form of securities of other companies.

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