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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
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-$15 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 945,000 421,000 550,000 $1,916,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 record. The stock's market value is $36 per share on February 5 before the stock dividend.
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