Kaur Industries owned investment securities with a book value of $ million on August At that time, Kaur's board of directors declared a property dividend consisting of these securities The fair value of the securities was as follows:
Declaration August
$ million
Date of record September
million
Distribution date September
million
By how much is total stockholder' equity reduced by the property dividend?
$ million
$ million
$ million
$ million
Answer & Explanation
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