ACG2021

The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,400,000 422,000 546,000 $ 2,368,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the Febru record. The stock's market value is $31 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 chang TVX OOMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock-$25 par value S 1.475.000 Paid-in capital in excess of par value. common stock 447.200 XXX Retained earnings 458.000 Total stockholders equity 5 2.875 200 hed testing icates na response was expecte adalom a tormula base caluation cente deducted