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The stockholders equity of TVX Company at the beginning of the day on February 5 follows. I only need the answer for paid in capital
The stockholders equity of TVX Company at the beginning of the day on February 5 follows. I only need the answer for paid in capital please thank you
Required information Exercise 13-8 Small stock dividends LO P2 [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-$20 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,300,000 430,000 546,000 $2,276,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 13-8 Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock $ [Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,326,000 499,200 1,825,200Step by Step Solution
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