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Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information applies to the questions displayed below.] The stockholders equity

Required information

Exercise 11-6 Stock dividends and per share book values LO P2

[The following information applies to the questions displayed below.] The stockholders equity of TVX Company at the beginning of the day on February 5 follows:

Common stock$20 par value, 150,000 shares authorized, 56,000 shares issued and outstanding $ 1,120,000
Paid-in capital in excess of par value, common stock 525,000
Retained earnings 675,000
Total stockholders equity $ 2,320,000

On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $39 per share on February 5 before the stock dividend. The stocks market value is $35 per share on February 28.

Exercise 11-6 Part 3

3. Compute the total market value of the investors shares in part 2 as of February 5 and February 28.

February 5 February 28
Total market value of shares

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