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Atlas Company has 8,000,000 outstandning ordinary shares with a par value of $1, on 10 December 2019 the company has declared 25% cash dividends payable on February 12, 2020.
Required
Problem (i) Prepare the enrties for each of the date above, assuming the dividends represent distrubution of profit.
Problem (ii) Prepare the entries for each of the date above, assuming the dividends above has partial return of capital which equal to $ 400,000.
Analysis of the how a House of Representatives tax bill can differ from a Senate bill. explanation of the role of the general public in tax legislation process
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