When a Property Dividend Is Declared and the Book Value

question 75

Multiple Choice

When a property dividend is declared and the book value of the property exceeds its market value,the dividend is recorded at the

• A) market value of the property at the date of distribution.
• B) book value of the property at the date of declaration.
• C) book value of the property at the date of distribution if it still exceeds the market value of the property at the date of declaration.
• D) market value of the property at the date of declaration.

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