When a property dividend is declared, the reduction in retained earnings is for:

-The book value of the property on the date of declaration
-The book value of the property on the date of distribution
-The fair value of the property on the date of distribution
-The fair value of the property on the date of declaration

Question

greg2323 greg2323

31-12-2019
Business

contestada

When a property dividend is declared, the reduction in retained earnings is for:

-The book value of the property on the date of declaration
-The book value of the property on the date of distribution
-The fair value of the property on the date of distribution
-The fair value of the property on the date of declaration

Respuesta :

Otras preguntas

Which equation is represented by the table? y=|x + 5| y=|x - 5| y=|x| + 5 y=|x| - 5

True or False: El Salvador is ranked 85 of 188 on the Gender Equality Index.

What evidence most clearly indicates that the aztec people migrated to mexico from the american southwest?

i will give the person the brainliest answer what is an atom

What is the most important goal in a situation of domestic violence?

the measure of angle O is 7pi/6. The measure of its reference angle is.... ° and sin O is .....

Which of these tax forms reports an employee's yearly Social Security tax withheld? A. W-4 B. W-3 C. W-1 D. W-2

The legitimate right to make decisions and to tell other people what to do is called

Imagine that every year, more and more water parks are being built in cities in the state of Nevada. No other state in America is experiencing this growth in th

True or false? Spreading out votes of certain type can make the group less effective.

ACCESS MORE EDU ACCESS

steffimarish steffimarish · Answer 1 · 2020-01-06T12:51:45+01:00

The reduction in the retained earning is for the fair value of the property on the date of the declaration.

Answer: Option D.

Explanation

Dividend is the amount of money that is distributed as a form of profit or the surplus money to the share holders by the corporation.

When the dividend on the property is to be declared, the retained earning is reduced for the fair value of the property. This is done on the day when the dividend is declared. Fair value of the property is the value at which the property is to be exchanged between the willing parties.