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Home Q & A Board Other Fields Homework Help Business Accounting
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godsgrace2013 godsgrace2013
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5 years ago
A firm declares a property dividend to its shareholders. The assets to be distributed in the
dividend have a combined book value of $40,000 and combined market value of $60,000. Before
taxes, the net change in retained earnings as a result of this nonreciprocal transfer is:
A) $40,000
B) $60,000
C) $20,000
D) $0
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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Tabitha.davisTabitha.davis
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5 years ago
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godsgrace2013 Author
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#2
5 years ago
Enough said, this helped my grade so much
wrote...
#3
5 years ago
Perfect
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