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Required information [ The following information applies to the questions displayed below. ] The stockholders' equity section of TVX Company on February 4 follows. On

Required information
[The following information applies to the questions displayed below.]
The stockholders' equity section of TVX Company on February 4 follows.
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.
Prepare entries to record both the dividend declaration and its distribution.
1 Record the declaration of a 2% stock dividend.
2 Record the distribution of a 2% stock dividend.
Note : = journal entry has been entered
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