ABC Declared a Property Dividend

question 65

Short Answer

ABC declared a property dividend.The dividend consisted of 10,000 common shares of its investment in XYZ Company.The shares had originally been purchased at $4 per share and had a $1 par value.The value of the shares on the declaration date is $7 per share.What is the first entry that should be recorded related to this dividend?

Understand the experimental evidence supporting various hypotheses about the origin of life.

Acknowledge the relationship between the structures of protocells and living cells in terms of evolutionary biology.

Recognize the significance of self-assembly processes in the evolutionary history of cellular membranes.

Appreciate the contribution of external factors, like meteorites, in providing organic compounds to early Earth.

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Definitions:

CPI

Consumer Price Index; a measure that examines the weighted average of prices of a basket of consumer goods and services, typically used as an indicator of inflation.

CPI

Short for Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Rookie Salary

The initial compensation package awarded to a professional athlete in their first year or season of play.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, typically used as an indicator of inflation.