Question
The stockholders equity of TVX Company at the beginning of the day on February 5 follows: Common stock$5 par value, 150,000 shares authorized, 62,000 shares
The stockholders equity of TVX Company at the beginning of the day on February 5 follows:
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1. 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 $47 per share on February 5 before the stock dividend. The stocks market value is $40 per share on February 28.
2.
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