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Prepare the required journal entrie

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Problem : York Company declared a land dividend on 6-15-20. The land had a book value of $600,000 and a fair market value of $750,000 on the declaration date. The dividend is payable to owners of record on July 15, 2020. The dividend will be distributed on 9-15-20.

Question 1: Prepare the Required Journal entries on 6-15-20 and 8-15-20

Reference no: EM132462830

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