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Required Information The folowing information applies to the questions displayed below The stockholders equlty of Tvx Company at the beginning of the day on February
Required Information The folowing information applies to the questions displayed below The stockholders equlty of Tvx Company at the beginning of the day on February 5 follows Conmon stock-s5 par value, 158,a8 shares 3as,e8e 525,008 authorizad, 6,eee shares ssued and outstanding Paid-in capital in excess of par value, cormon stock Retained earning Total stockholders equity On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $35 per share on February 5 before the stock dividend. The stocks market value Is $30 per share on February 28 1. Prepare entries to record both the dMdend declaration and its distribution. Journal entry worksheet Record the declaration of 16% stock dividend. Note: Enter debits before credits. Debit Credit Feb 05 aid-in capital in exce of Par value common stock Record entry Clear entry iew general jounal
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