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3.6 The facts are as given in Question 3.5 above except that BBB redeemed all the preference shares through profits available for dividends. Required:
3.6 The facts are as given in Question 3.5 above except that BBB redeemed all the preference shares through profits available for dividends. Required: You are required to prepare the journal entries to record the above transactions and the statement of financial position immediately after the redemption. 3.7 The facts are as given in Question 3.5 above except that BBB redeemed all the preference shares. It issued 15 million ordinary shares at RM3 per share to facilitate the redemption, and the balance through profits available for dividends. Required: You are required to prepare the journal entries to record the above transactions and the statement of financial position immediately after the redemption. ted MASB) w
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