Question: Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2016-2018. At December 31, 2015, the corporation's accounts

Listed below are the transactions that affected the shareholders' equity of Branch-RickieCorporation during the period 2016-2018. At December 31, 2015, the corporation's accountsincluded: Common stock, 119 million shares at $1 par Paid-in capital-excess ofpar Retained earnings ($in 000s) $ 119,000 714,000 980,000 a. November 1,2016, the board of directors declared a cash dividend of $0.70 pershare on its common shares, payable to shareholders of record November 15,to be paid December 1. b. On March 1, 2017, the boardof directors declared a property dividend consisting of corporate bonds of WarnerCorporation that Branch-Rickie was holding as an investment. The bonds had afair value of $3.5 million, but were purchased two years previously for$3.1 million. Because they were intended to be held to maturity, thebonds had not been previously written up. The property dividend was payableto shareholders of record March 13, to be distributed April 5. c.On July 12, 2017, the corporation declared and distributed a 4% commonstock dividend (when the market value of the common stock was $18per share). Cash was paid in lieu of fractional shares representing 760,000equivalent whole shares. d. On November 1, 2017, the board of directors

Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2016-2018. At December 31, 2015, the corporation's accounts included: Common stock, 119 million shares at $1 par Paid-in capital-excess of par Retained earnings ($in 000s) $ 119,000 714,000 980,000 a. November 1, 2016, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2017, the board of 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 $3.5 million, but were purchased two years previously for $3.1 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 13, to be distributed April 5. c. On July 12, 2017, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 760,000 equivalent whole shares. d. On November 1, 2017, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e. On January 15, 2018, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $19 per share. f. On November 1, 2018, 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 be

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