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[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

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[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 o record. The stock's market value is $36 per share on February 5 before the stock dividend. 1. 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. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ TVX COMPANY } \\ \hline Stockholders' Equity Section of the Balance sheet \\ February 28 & \\ \hline & \\ \hline Total stockholders' equily & \\ \hline \end{tabular}

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