When a property dividend is declared and the book value of the property exceeds its market value, the dividend is recorded at the Book value of the property at the date of distribution if it still exceeds the market value of the property at the date of declaration. O Market value of the property at the date of distribution. O Book value of the property at the date of declaration. O Market value of the property at the date of declaration.
When a property dividend is declared and the book value of the property exceeds its market value, the dividend is recorded at the Book value of the property at the date of distribution if it still exceeds the market value of the property at the date of declaration. O Market value of the property at the date of distribution. O Book value of the property at the date of declaration. O Market value of the property at the date of declaration.
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 12DQ
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Transcribed Image Text:When a property dividend is declared and the book value of the property exceeds its market value, the dividend is recorded at the
O Book value of the property at the date of distribution if it still exceeds the market value of the property at the date of
declaration.
O Market value of the property at the date
distribution.
O Book value of the property at the date of declaration.
O Market value of the property at the date of declaration.
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