Solution-What entry to record the declaration of the

What entry to record the declaration of the dividend would

Reference no: EM132588451

Question 1: Sunland Company owned 21100 shares of Blossom Company purchased in 2014 for $580250. On December 15, 2017, Sunland declared a property dividend of all of its Blossom Company shares on the basis of one share of Blossom for every 10 shares of Sunland common stock held by its stockholders. The property dividend was distributed on January 15, 2018. On the declaration date, the aggregate market price of the Blossom shares held by Sunland was $906000. The entry to record the declaration of the dividend would include a debit to Retained Earnings of

Option a) $0.

Option b) $325750.

Option c) $580250.

Option d) $906000.

Reference no: EM132588451

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What entry to record the declaration of the dividend would

Reference no: EM132588451

Reference no: EM132588451

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