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Emily Corp

Question 33

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Emily Corp.owned shares in Carr Ltd.On December 1, 2014, Emily declared and distributed a property dividend of Carr shares when their fair value exceeded the carrying amount.As a consequence of the dividend declaration and distribution, the accounting effects Shareholders' Equity 15- 37 would be Emily Corp.owned shares in Carr Ltd.On December 1, 2014, Emily declared and distributed a property dividend of Carr shares when their fair value exceeded the carrying amount.As a consequence of the dividend declaration and distribution, the accounting effects Shareholders' Equity 15- 37 would be

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