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Homework answers / question archive / Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021,023

Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021,023

Accounting


Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021,023. At December 31, 2020, the corporation's accounts included) 
5106,00o 636,000 850,000 
a. November 1, 2021, the board &directors declared a cash divide. of $070 per share on its common shares, payable to shareholders of record November 15, to . paid December 1. b. On March 1, 2022, the board &directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment The bonds had a fair value of $2.0 million, but were purchased two years previously for $1.8 million. Because they were inMnded to be held to maturity, the bonds had not been previously written up. The property divide. was payable. shareholders of record March 13, to be distributed April 5. c. On July12, 2022, the corporation declared a. distributed a 646 common .ock divide. (when the market value of the common Mock was $24 per share). Cash was paid in lieu of fractional shares repre.nfing 360,000 equivalent whole shares. 0. Or) Nov...1, 2022, the board &directors declared a cash divide. of $030 per share on its common shares, payable. shareholders of record November 15, to . paid December 1. e. On January 15, 2023, the board of directors declared a. distributed a 3-for-2 stock split effected in the form of a 50, stock divide. when the mark. value of the common stock was $25 per share. t On November 1, 2023, the board of directors declared a cash dividend of $0.55 per share on its common shares, payable to shareholders of record November 15, to . paid December 1. 
Rebukes]: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' ./loll, Branch-Rickie for me three-war .Hod ($ in 000.. N. income was $360 million, $425 million, and $485 million for 2021, 2022,1. 2023, respectively.

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