Solution-What is the impact of the gain or loss income

What is the impact of the gain or loss income

Reference no: EM133039944

Question - The direct effect of a property dividend is to reduce retained earnings by the fair value of the property distributed with no income statement effect. However, prior to the effect of the dividend being recorded, the property is adjusted to fair value; what is the impact of the gain or loss income and retained earnings? Cite an example.

Reference no: EM133039944

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What is the impact of the gain or loss income : However, prior to the effect of the dividend being recorded, the property is adjusted to fair value; what is the impact of the gain or loss income

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What is the impact of the gain or loss income

Reference no: EM133039944

Reference no: EM133039944

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