2 parts

Required information Exercise 11-10 (Algo) Small stock dividend LO P2 [The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. 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 $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 1 1. Prepore entries to record both the dividend declaration and its distribution. Journal entry worksheet 1 Record the declaration of a 2% stock dividend. 2 Record the distribution of a 2% stock dividend. Note : P= journal entry has been entered Exercise 11-10 (Aigo) Small stock dividend LO P2 [The following information applies to the questions displayed below] The stockholders'equity section of TVX Company on February 4 follows. On February 5, the directors deciare a 2% stock dividend distributable on February 28 to the February 15 stockholdors of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)