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Listed below are the transactions that affected the shareholders' equity of Branch - Rickie Corporation during the period 2 0 2 4 - 2 0
Listed below are the transactions that affected the shareholders' equity of BranchRickie Corporation during the period At December the corporation's accounts included: Common stock, million shares at $ par $ in thousands Paidin capitalexcess of par $ Retained earnings a November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December b On March the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that BranchRickie was holding as an investment. The bonds had a fair value of $ million, but were purchased two years previously for $ million. Because they were intended to be held to maturity, the bonds had not been previously written up The property. dividend was payable to shareholders of record March to be distributed April c On July the corporation declared and distributed a common stock dividend when the market value of the common stock was $ per share Cash was paid in lieu of fractional shares representing equivalent whole shares. d On November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December e On January the board of directors declared and distributed a for stock split effected in the form of a stock dividend when the market value of the common stock was $ per share. f On November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December Required: Prepare the journal entries that BranchRickie recorded during the threeyear period for these transactions. Prepare comparative statements of shareholders' equity for BranchRickie for the threeyear period $ in s Net income was $ million, $ million, and $ million for and respectively. Complete this question by entering your answers in the tabs below.
Listed below are the transactions that affected the shareholders' equity of BranchRickie Corporation during the period At December the corporation's accounts included:
Common stock, million shares at $ par
$ in thousands
Paidin capitalexcess of par $
Retained earnings
a November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December
b On March the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that BranchRickie was holding as an investment. The bonds had a fair value of $ million, but were purchased two years previously for $ million. Because they were intended to be held to maturity, the bonds had not been previously written up The property. dividend was payable to shareholders of record March to be distributed April
c On July the corporation declared and distributed a common stock dividend when the market value of the common stock was $ per share Cash was paid in lieu of fractional shares representing equivalent whole shares.
d On November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December
e On January the board of directors declared and distributed a for stock split effected in the form of a stock dividend when the market value of the common stock was $ per share.
f On November the board of directors declared a cash dividend of $ per share on its common shares, payable to shareholders of record November to be paid December
Required:
Prepare the journal entries that BranchRickie recorded during the threeyear period for these transactions.
Prepare comparative statements of shareholders' equity for BranchRickie for the threeyear period $ in s Net income was $ million, $ million, and $ million for and respectively.
Complete this question by entering your answers in the tabs below.
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