2.

[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: 1,320,000 $ Common stock-$20 par value, 150,000 shares authorized, 66,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 525,000 675,000 2,520,000 Total stockholders' equity On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. value: 1.78 points 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet Record the declaration of 12% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 05 Record entry View general journal Clear entry 2. One stockholder owned 700 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5. (Round your "Book value per share" answers to 2 decimal places. Round "Total book value of shares" to the nearest whole dollar.) Before After Book value per share Total book value of shares Hints References eBook & Resources Hint #1 Check my work value: 1.78 points 3. Compute the total market value of the investor's shares in part 2 as of February 5 and February 28. February February 5 28 Total market value of shares