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Farnur Bhd has an outstanding 4,500,000 units of ordinary share at the beginning of the year 2019. On 1 July 2019, the company had declared a 6% share dividends and were distributed to the shareholders at the same day. The market price of the share during the declaration date was RM2.50.
REQUIRED: (Round all figures to TWO (2) decimal points)
Question 1: How to Construct journal entries to record the above transactions. Show your calculations.
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