Question
[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:
[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, 150,000 shares authorized, 71,000 shares issued and outstanding | $ | 1,775,000 | |
Paid-in capital in excess of par value, common stock | 525,000 | ||
Retained earnings | 675,000 | ||
Total stockholders equity | $ | 2,975,000 | |
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, 150,000 shares authorized, 71,000 shares issued and outstanding | $ | 1,775,000 | |
Paid-in capital in excess of par value, common stock | 525,000 | ||
Retained earnings | 675,000 | ||
Total stockholders equity | $ | 2,975,000 | |
On February 5, the directors declare a 18% 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. The stocks market value is $35 per share on February 28.
3. Compute the total market value of the investors shares in part 2 as of February 5 and February 28.
February 5 | February 28 | |
Total market value of shares |
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