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Business, 13.11.2019 05:31 milkshakegrande101

Pierson corporation owned 10,000 shares of hunter corporation. these shares were purchased in 2011 for $90,000. on november 15, 2015, pierson declared a property dividend of one share of hunter for every ten shares of pierson held by a stockholder on that date, when the market price of hunter was $28 per share, there were 90,000 shares of pierson outstanding what gain and net reduction in retained earnings would result from this property dividend?

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Pierson corporation owned 10,000 shares of hunter corporation. these shares were purchased in 2011 f...
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