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-$10 par value, 150,000 shares authorized, 54,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 540,000 525,000 675,000 $1,740,000 On February 5, the directors declare a 14% 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 $35 per share on February 28. Fxercise 11.6 Part 1 outstanding capital in excess of par value, common stock Retained earnings Total stockholders' equity On February 5, the directors declare a 14% stock dividend distribut record. The stock's market value is $40 per share on February 5 be $35 per share on February 28. cercise 11-6 Part 1 Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 2 Record the declaration of 14% stock dividend. Prev Q Search Search mired information ew transaction list Journal entry worksheet