Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years

Question:

Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2011, 2012, and 2013.

Required:

1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2011, 2012, and 2013. Prepare the journal entries that reflect those events and transactions.

2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2013 and 2012.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...