1. Record the declaration of a 20% Stock Dividend
2. Record the distribution of a 20% Stock Dividend

Required information [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 20% 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