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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4 Required information Exercise 11-10 (Algo) Small stock dividend LO P2 The woman and to the questions displayed below) The stockholders' equity section of TVX Company on February 4 follows. Costock-$15 par value, 150,000 shares herred, 63.000 there issued and outstanding Pald-in capital in excess of par le conon stock Retained earni Total stockholders' equity 25 $ 15,00 425.000 541 $ 1,917,00 000 On February 5, the directors declare a 2x 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 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 2