Adams moving and storage, a family-owned corporation, declared a property dividend of 1,400 shares of ge common stock that adams had purchased in february for $49,000 as an investment. ge’s shares had a market value of $33 per share on the declaration date. prepare the journal entries to record the property dividend on the declaration and payment dates.
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Adams moving and storage, a family-owned corporation, declared a property dividend of 1,400 shares o...
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