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Required information Skip to question [The following information applies to the questions displayed below.] The stockholders equity section of TVX Company on February 4 follows.
Required information Skip to question [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, 58,000 shares issued and outstanding $ 870,000 Paid-in capital in excess of par value, common stock 423,000 Retained earnings 552,000 Total stockholders equity $ 1,845,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $41 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)
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