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Required information Exercise 11-10 (Static) Small stock dividend LO P2 [The following information applies to the questions displayed below.] The stockholders' equity section of TVX

image text in transcribed Required information Exercise 11-10 (Static) 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. 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. Exercise 11-10 (Static) Part 1 1. Prepare entries to record both the dividend declaration and its distribution

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