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Listed below are the transactions that affected the stockholders' equity of Gold Company during the period 20182020. At December 31, 2017, the company's accounts included:
Listed below are the transactions that affected the stockholders' equity of Gold Company during the period 20182020. At December 31, 2017, the company's accounts included: Share capital Ordinary, $1 par, 105 million shares issued and outstanding $105,000,000 Share premium - Ordinary 630,000,000 Retained earnings 970.000.000 a. On March 1, 2018, the board of directors declared a property dividend consisting of corporate bonds of Toyota Motor Corporation that Gold Company was holding as an investment. The bonds had a fair value of $1.6 million at the date of declaration, but were purchased for $1.3 million in the past. 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 13, to be distributed April 9. b. On July 12, 2019, the company declared and distributed a 5% share dividend (when the market value of the ordinary shares was $21 per share). c. On November 1, 2020, the board of directors declared a cash dividend of $0.80 per share on ordinary shares, payable to shareholders of record November 25, to be paid December 22. Instructions Prepare the journal entries that Gold Company recorded during the three-year period for these transactions
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