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: 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. The stock's market value is $33.40 per share on February 28. Journal entry worksheet Record the declaration of 20% stock dividend. Note: Enter debits before credits. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the distribution of 20% stock dividend. Note: Enter debits before credits