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17-04-2024
Business

Answered

Which of the following statements about property dividends is FALSE?
1) A property dividend is a nonreciprocal transfer of nonmonetary assets.
2) A property dividend is also called a dividend in kind.
3) The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred.
4) The accounting for a property dividend should be based on the fair value of the nonmonetary assets transferred.

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