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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
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. Common stock-$10 par value, 150, eee shares authorized, 6e,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 680, eee 425, eee 550, eee $1,575, eee 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 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 February 28 Total stockholders' equity
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