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Business, 15.04.2020 01:50 recannon02

Li Company declared a property dividend of 20,000 shares of its investment in $1 par P Company common stock. The P stock was purchased for $5 per share. The fair value of the P stock was $10 per share on the declaration date of the property dividend and $12 per share on the distribution date. What is the amount of the dividend?

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Li Company declared a property dividend of 20,000 shares of its investment in $1 par P Company commo...
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