When a property dividend is declared, the property to be distributed should be revalued to fair value as of the:
A) Record date.
B) Date of distribution.
C) Date of declaration.
D) Announcement date.

Question

Quizplus · Accepted Answer

When a property dividend is declared, the property to be distributed should be revalued to its fair value as of the date of declaration. This ensures that the financial statements accurately reflect the value of the dividend being distributed to shareholders.

When a Property Dividend Is Declared, the Property to Be