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! Required information Exercise 13-10 (Algo) Small stock dividend LO P2 [The following information applies to the questions displayed below.] The stockholders' equity section
! Required information Exercise 13-10 (Algo) 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-$15 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 915,000 426,000 553,000 $ 1,894,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend. Exercise 13-10 (Algo) 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 Common stock-$15 par value February 28 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 933,300 $ 933,300
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