Connor Ltd has 400 000 $3 shares issued. It declares a 10% share dividend on 1 December.
Question:
Connor Ltd has 400 000 $3 shares issued. It declares a 10% share dividend on 1 December. The dividend shares are issued as $5 shares on 31 December. Prepare the entries for the declaration and payment of the share dividend.
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The declaration and payment of a share dividend involves two journal entries one to record the decla...View the full answer
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Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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