property dividend On October 1, 2025, Ajax Corporation declared a property dividend of 2 million shares of Comet Corporation’s preferred stock. •Ajax had purchased the Comet stock for $4.5 per share as an investment in March 2025. •The Comet shares have a fair value of $5 per share on October 1, 2025. •The property dividend is distributed to shareholders on November 1, 2025. Prepare necessary journal entries to account for the declaration and distribution of the property dividend.

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.