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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 Required
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
Required information [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: Common stock-$15 par value, 150,000 shares authorized, 53,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 795,000 525,000 675,000 $1,995,000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $35 per share on February 28. 2. One stockholder owned 550 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 3 decimal places.) After Before 23.180 $ Book value per share Total book value of sharesStep by Step Solution
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