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please answer clearly and it is all one question Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal
please answer clearly and it is all one question
Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023 Required: 1. Infer from the statements the events and transactions that affected Anaconda Intemational Corporation's shareholders' equity during 2021, 2022, and 2023. Prepare the journal enties that reflect those events and transactions. (Hint in lieu of revenues arid expenses? use an account titled "income summary" to close net income or net loss) 2. Prepare the sharehoiders' equity section of Anaconda's comparative balance sheets at December 31,2023 and 2022. 1 Record sale of preferred stock. 2. Record sale of common stock. 3 Record declaration of cash dividend for preferred shares. 4 Record payment of cash dividend for preferred shares. 5 Record declaration of cash dividend for common shares. 6 Record payment of cash dividend for common shares. 7. Record transfer of net income to retained earnings. 8 Record the repurchase of shares for retirement. (Assume Note: = journal entry has been entered 8 Record the repurchase of shares for retirement. (Assume weighted average method). 9 Record declaration of cash dividend for preferred shares. 10 Record payment of cash dividend for preferred shares. 11 Record declaration of cash dividend for common shares 12 Record payment of cash dividend for common shares. 13 Record the stock split for preferred shares effected in the form of a dividend. 14 Record transfer of net income to retained earnings. Note : = journal entry has been entered form of a dividend. 14 Record transfer of net income to retained ffarnings. 15 Record distribution of common stock dividend. 16 Record declaration of cash dividend for preferred shares. 17 Record payment of cash dividend for preferred shares. 18 Record declaration of cash dividend for common shares. 19 Record payment of cash dividend for common shares. 20 Record transfer of net income to retained earnings. Note : = journal entry has been entered Complete this question by entering your answers in the tabs below. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2023 and 2022 . (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023 Required: 1. Infer from the statements the events and transactions that affected Anaconda Intemational Corporation's shareholders' equity during 2021, 2022, and 2023. Prepare the journal enties that reflect those events and transactions. (Hint in lieu of revenues arid expenses? use an account titled "income summary" to close net income or net loss) 2. Prepare the sharehoiders' equity section of Anaconda's comparative balance sheets at December 31,2023 and 2022. 1 Record sale of preferred stock. 2. Record sale of common stock. 3 Record declaration of cash dividend for preferred shares. 4 Record payment of cash dividend for preferred shares. 5 Record declaration of cash dividend for common shares. 6 Record payment of cash dividend for common shares. 7. Record transfer of net income to retained earnings. 8 Record the repurchase of shares for retirement. (Assume Note: = journal entry has been entered 8 Record the repurchase of shares for retirement. (Assume weighted average method). 9 Record declaration of cash dividend for preferred shares. 10 Record payment of cash dividend for preferred shares. 11 Record declaration of cash dividend for common shares 12 Record payment of cash dividend for common shares. 13 Record the stock split for preferred shares effected in the form of a dividend. 14 Record transfer of net income to retained earnings. Note : = journal entry has been entered form of a dividend. 14 Record transfer of net income to retained ffarnings. 15 Record distribution of common stock dividend. 16 Record declaration of cash dividend for preferred shares. 17 Record payment of cash dividend for preferred shares. 18 Record declaration of cash dividend for common shares. 19 Record payment of cash dividend for common shares. 20 Record transfer of net income to retained earnings. Note : = journal entry has been entered Complete this question by entering your answers in the tabs below. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2023 and 2022 . (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Step by Step Solution
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