ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 360

d. outstanding less the number of treasury shares.

50. Which of the following statements about property
dividends is not true?

a. A property dividend is usually in the form of securities of
other companies.

b. A property dividend is also called a dividend in kind.

c. The accounting for a property dividend should be based on
the carrying value (book value) of the nonmonetary assets
transferred.