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Listed below are the transactions th at affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020, At December 31, 2017, the corporation's accounts

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Listed below are the transactions th at affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020, At December 31, 2017, the corporation's accounts included Comon stock. i08 million shares at $1 par Paid-in capital-excess of par Retained earnings (S in 000s) 108, 000 648, 000 870,000 a. November 1, 2018, the board of directors declared a cash dividend of so.90 per share on its common shares, payable to b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that shareholders of record November 15, to be paid December 1 Branch-Rickie was holding g as an investment. The bonds had a fair value of $2.3 million, but were purchsed two years previously for $2.0 million. Because they were intended to be heid to maturity, the bonds had not been previously written up. The property c, on July 12, 2019, the corporation declared and distributed a 8% common stock dividend (when the market value of the common d. On November 1, 2019, the board of directors declared a cash dividend of $o.90 per share on its common shares, payable to e. On January 15, 2020, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend was payable to shareholders of record March 13, to be distributed April 5 stock was $15 per share). Cash was paid in lieu of fractional shares representing 640,000 equivalent whole shares shareholders of record November 15, to be paid December 1

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