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Aquaplant Agriculture Ltd is a company that specialises in aqua-agriculture along the east coast of Australia. The following information relates to its equity accounts for the year ending 30th June 2014. On 1st March 2015 the directors offered to buy back shares from existing shareholders. The offer price was $4 per share. The total value purchased by Aquaplant Agriculture Ltd was $1,200,000. These shareholders were not entitled to the final dividend that the directors declared on 4th June 2015. The final dividend of 20 cents per share is to be paid in the following month. 1.11 What would be the value of the final dividend after the share buy-back has occurred? A $545,000 B $535,000 C $540,000 D $560,000 1.12 What would be the general journal entry to record the final dividend on the 4th June 2015 ? A Dr: Retained Earnings B Dr: Reserves C Dr: Dividend Payable D Dr: Retained Earnings CR: Contributed Equity CR: Contributed Equity CR: Retained Earnings CR: Dividend Payable