Indigo Inc. owns shares of Sweet Corporation stock. At December 31,2017 , the securities were...
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Indigo Inc. owns shares of Sweet Corporation stock. At December 31,2017 , the securities were carried in Indigo's accounting records at their cost of $784,000, which equals their fair value. On September 21,2018 , when the fair value of the securities was $1,052,000, Indigo declared a property dividend whereby the Sweet securities are to be distributed on October 23, 2018, to stockholders of record on October 8,2018
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