Question: USE THE FOLLOWING GUIDELINES WHEN INPUTTING ANSWERS (THESE WILL NOT BE REPEATED FOR EACH QUESTION): 1. Do NOT use dollar signs or decimals. 2. Round

USE THE FOLLOWING GUIDELINES WHEN INPUTTING ANSWERS (THESE WILL NOT BE

USE THE FOLLOWING GUIDELINES WHEN INPUTTING ANSWERS (THESE WILL NOT BE REPEATED FOR EACH QUESTION): 1. Do NOT use dollar signs or decimals. 2. Round your answers to the nearest dollar. 3. If the answer is zero OR not applicable input the number zero "0. 4. For increases simply input the amount such as 100. 5. For decreases input the amount with a minus sign in front such as -100. FACTS: Property to be distributed = vehicle Date of declaration is March 1, 20X1 For shareholder of record as of March 21, 20X1 To be distributed March 28, 20X1 Fair market value = $33,000 Carrying value = $56,000 2 pts Question 3 Consider the journal entry at date of declaration. What is the TOTAL NET IMPACT on! stockholder's equity

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