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What entry should golden make to record june transaction

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Reference no: EM132945425

Problem 1: On June 1, 2020, Golden Warriors Corporation declared a share capital dividend entitling its shareholders  to one additional share for each share held. At the time the dividend was declared, the market value was  P 100 per share and the par value was P 50 per share. On this date, Golden had 65,000 shares issued  and 5,000 shares in the treasury. What entry should Golden make to record this June 1transaction?

Reference no: EM132945425

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