Distinguish between ordinary share and preference shares

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Reference no: EM132816623

Hercules Company has transferred to shareholders some of its investments in securities costing $11,500,000 by declaring property dividends on December 13, to be distributed on January 30 to the shareholder of 15 January. At the date of declaration the fair value of the property was $13,000,000

Problem 1: Prepare the entries for each of the date above.

Problem 2: Distinguish between ordinary share and preference shares

Reference no: EM132816623

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