Emily Corp. owned shares in Carr Ltd. On December 1, 2020, Emily declared and distributed a property dividend of Carr shares when their fair value exceeded the carrying amount. As a consequence of the dividend declaration and distribution, the accounting effects would be Property Dividends

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The Answer of Emily Corp. owned shares in Carr Ltd. On December 1, 2020, Emily declared and distributed a property dividend of Carr shares when their fair value exceeded the carrying amount. As a consequence of the dividend declaration and distribution, the accounting effects would be Property Dividends