Chapter 15-40 Illustration A dividend is declared Jan. 5th and paid Jan. 25th, in bonds held as an investment; the bonds have a book value of $100,000
{"Image DocumentName": "Property Dividend", "Image ImageDescription": "Illustration A dividend is declared Jan. 5th and paid Jan. 25th, in bonds held as an investment; the bonds have a book value of  100,000 and a fair market value of  135,000. Debit. Credit. Date of Declaration. Investment in bonds. 35,000. Gain on investment. 35,000. and. Retained earnings. 135,000. Property dividend payable. 135,000. Date of Issuance. Property dividend payable. 135,000. Investment in bonds. 135,000. LO 7 Identify the various forms of dividend distributions.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}