Path Company has decided to distribute shares it owns in Trail Ltd as a dividend to its shareholders.The investment in Trail is recorded in Path's books at a value of $2,500,000.On the date of declaration they had a market value of $3,125,000.
Required:
Prepare all the journal entries to record the declaration and payment of the dividend.
Correct Answer:
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A)1.56%
B)20.0%
C)14.7%
D)5.27%
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B)20.0%
C)1.56%
D)5.27%
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