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A Ltd's equity as at 1 July 2019 included Share capital, 400,000 fully paid shares $400,000 The following transactions or events occurred during the

A Ltd's equity as at 1 July 2019 included Share capital, 400,000 fully paid shares $400,000 The following transactions or events occurred during the financial year ended 30 June 2020: Sept 1, 2019 Dec 1, 2019 Jan 1, 2020 A Ltd had a 3 for 1 share split. A Ltd declared an interim share dividend of 20%. A Ltd issued shares as dividends If A Ltd declares a final dividend of 15 cents per share after the above transactions or events, the journal entry will make a debit to retained earnings by

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SOLUTION To determine the journal entry for the final dividend declaration of 15 cents per share we need to consider the impact of the previous transa... blur-text-image

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