Question: On December 1 , 2 0 A 1 , Home Corp. declared a property dividend of marketable securities to be distributed on December 2 9

On December 1,20A1, Home Corp. declared a property dividend of marketable securities to be distributed on December 29,20A1. On December 1, the marketable securities had a book value of $80,000 and a fair value of $97,000. What is the total effect of this property dividend on Homes net income and retained earnings, after all temporary accounts have been closed?
Net Income for 20A1 Change in Retained Earnings During 20A1

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