On may 1, year 3, the board of directors of boxer industries declared a property dividend of 4,500 shares of king corporation common stock that boxer had purchased as an investment (book value: $58,500). the market value of the 4,500 king shares was $121,500 (or $27 per share) on the date of declaration and $180,000 (or $40 per share) on the date of distribution. what amount will be debited to retained earnings in the journal entry recorded on the declaration date?

These could be explained as follows.

Explanation: The amount to be debited in retained earnings on the declaration date will be $121,500.

Journal entries will be as follows -

1. Investment A/C Dr.   $63,000

     To revaluation A/C $63,000

( Being the value of investment increased)

2. Retained earnings A/C Dr.   $121,500

     To dividend payable  A/C   $121,500

       ( Being dividend declared)

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

for submitting your question to

the answer to your question is : c) a government agency or homeowner

due to his line of work, he is most likely employed by a government agency or homeowner due to the other choices not being logical haha.