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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 of

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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 of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,160,000 428,000. 549,000 $ 2,137,000 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 $36 per share on February 5 before the stock dividend.

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