Business, 11.02.2021 20:20 mamabates181981

Lucid Company declared a property dividend of 29,000 shares of its investment in $1 par Polk Company common stock. The Polk stock was purchased for $2 per share. The fair value of Polk’s stock was $11 per share on the declaration date of the property dividend and $12 per share on the distribution date. What is the amount of the dividend? Multiple Choice $319,000.

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Lucid Company declared a property dividend of 29,000 shares of its investment in $1 par Polk Company...