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Business, 06.05.2020 06:05 Destinirainer

Despot declared a property dividend to give marketable equity securities to its common stockholders. The securities had cost Despot $7 million and currently have a fair value of $16 million. Which of the following would be included in recording the property dividend declaration? a. Increase in a liability for $16 million. b. Decrease in retained earnings for $7 million. c. Decrease in marketable securities by $16 million. d. All of these answer choices are correct.

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Despot declared a property dividend to give marketable equity securities to its common stockholders....
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