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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

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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. Prepare entries for a share dividend

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