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 $7 per share.What is the first entry that should be recorded related to this dividend?
Definitions:
Structured Message
A communication delivered in an organized and logical format, making it easier to understand and respond to.
Negative Message
Communication that conveys bad news, rejection, or unfavorable information in a tactful manner.
Buffer
A neutral or positive statement designed to allow the writer to delay, or buffer, the negative message.
Goodwill
The value of a business beyond its tangible assets, including its reputation and patronage. Also, a favorable condition and overall atmosphere of trust that can be fostered between parties conducting business.
Q19: During its first year of operations,Criswell Inc.completed
Q31: Amortizing a net loss for pensions will:<br>A)Increase
Q65: We record and report most changes in
Q80: What ($ in 000s)was shareholders' equity as
Q91: Which of the following usually results in
Q115: Contingently issuable shares may be included in:<br>A)Basic
Q121: During the current year,High Corporation had 3
Q140: Pension expense and funding amounts are both
Q153: (a. )What is the most significant change
Q163: Explain how the loss is reported in