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12 2 of 2 10:46 Required Information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the
12 2 of 2 10:46 Required Information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$15 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock. Retained earnings Total stockholders' equity 930,000 429,000 546,000 $1,905,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity
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The image shows the stockholders equity section of TX Company after a stock dividend is distributed The information provided includes Beginning Balanc...Get Instant Access to Expert-Tailored Solutions
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