What is the net impact of the dividends on illinis 2022

Reference no: EM133659691

Question: On 1/1/2022, Illini issued its inventory as dividends to its shareholders. The book value of the inventory at the time was $10,000, and the inventory could be sold on the market at $60,000. What is the net impact of the dividends on Illini's 2022 pre-tax earnings?

Reference no: EM133659691

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