Business, 11.06.2021 20:10, emmanuellugo40

A public company has declared a property dividend of one share of its investment in M corporation for every 10 shares of its common stock outstanding. The M shares were originally purchased by the company for $50 per share; on the date the dividend was declared, the market value was $75 per share. As a result of this declaration, the company should recognize A. An appropriate gain or loss based on the market value on the date of distribution. B. A gain of $25 per share to be distributed. C. A loss of $25 per share to be distributed. D. No gain or loss.

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A public company has declared a property dividend of one share of its investment in M corporation fo...