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What is the amount of the dividend

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Question - Lucid Company declared a property dividend of 34,000 shares of Its Investment In $1 par Polk Company common stock. The Polk stock was purchased for $3 per share. The fair value of Polk's stock was $11 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?

Reference no: EM133145083

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