Quiz 18.10 – Accounting Treatment of Property Dividends under GAAP

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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GAAP guidelines may necessitate the recognition of a gain or loss upon the declaration of a property dividend if the fair value of the property varies from its book value on the date of declaration.

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  • Search Terms: a book date. declaration different dividend fair from gaap, gain if is its loss may of on or property recognition require the under value
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