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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
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
Common stock-$15 par value, 150,000 shares authorized, 63,000
shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders'
equity
$ 945.000
425,000
547,000
$ 1,917,000
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 $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 changes to equity.)
TVX COMPANY
Stockholders' Equity Section of the Balance Sheet
Februarv 28
Intel efnryholnoren
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