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Required information [The following information applies to the questions displayed below. The stockholders' equity of TVX Company at the beginning of the day on February
Required information [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-$25 par value, 152,28 shares authorized, 62,00 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,550, 428. $2,525, On February 5, the directors declare a 2x 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. 1. Prepare entries to record both the dividend declaration and its distribution. View trachon la Journal entry worksheet
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