Which of the following statements about property dividends is not true?

Which of the following statements about property dividends is not true?

a. A property dividend is usually in the form of securities of other companies.
b. A property dividend is also called a dividend in kind.
c. The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred.
d. All of these statements are true.


Answer: The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred