Asked Jan 9, 2020

This comment appeared in the annual report of Mac-
Cloud Inc.: “The Company could pay cash or property
dividends on the Class A common stock without paying
cash or property dividends on the Class B common stock.
But if the Company pays any cash or property dividends
on the Class B common stock, it would be required to pay
at least the same dividend on the Class A common stock.”
How is a property dividend accounted for in the financial


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