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JT Engineering Inc. owns 320,000 shares of RL Enterprises Ltd. JT opted to distribute these...

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Accounting

JT Engineering Inc. owns 320,000 shares of RL Enterprises Ltd. JT opted to distribute these shares as a dividend to its shareholders on December 31. Based on this information, what type of dividend was involved in this distribution?
Select answer from the options below
a liquidating dividend
a property dividend
a stock dividend
a cash dividend

Answer & Explanation Solved by verified expert
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