Business, 29.10.2019 05:31 maliyah7516

Ec industries owned investment securities with a book value of $45 million on august 12. at that time, ec's board of directors declared a property dividend consisting of these securities. the fair value of the securities was as follows: declaration – august 12 $ 58 million record date – september 1 62 million distribution date – september 20 60 million what amount of gain should the company recognize in earnings in connection with this property dividend?

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Ec industries owned investment securities with a book value of $45 million on august 12. at that tim...