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can you please show your work as well thank you so much Required information Exercise 11-10 (Algo) Small stock dividend LO P2 [The following information
can you please show your work as well thank you so much
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 $41 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before creditsStep by Step Solution
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