2016年美国CPA模拟试题：Financial 4

　　A property dividend should be recorded in retained earnings at the property's：

　　a. Book value at date of issuance （payment）.

　　b. Market value at date of issuance （payment）.

　　c. Book value at date of declaration.

　　d. Market value at date of declaration.

　　答案：D

　　Explanation

　　Choice “d” is correct. A property dividend should be recorded in retained earnings at the property's market value at date of declaration.

　　Choice “b” is incorrect. Date of issuance （payment） is too late-use declaration date.

　　Choice “c” is incorrect. Book value at date of declaration is used to measure gain or loss.

　　Choice “a” is incorrect. Book value at date of issuance （payment） is inappropriate - use market value at declaration date.