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Common stock$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding $ 975,000 Paid-in capital in excess of par value, common stock 428,000 Retained
Common stock$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding | $ 975,000 |
---|---|
Paid-in capital in excess of par value, common stock | 428,000 |
Retained earnings | 554,000 |
Total stockholders equity | $ 1,957,000 |
On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $36 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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