Question
The stockholders equity of TVX Company at the beginning of the day on February 5 follows: Common stock$15 par value, 150,000 shares authorized, 54,000 shares
The stockholders equity of TVX Company at the beginning of the day on February 5 follows:
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Common stock$15 par value, 150,000 shares authorized, 54,000 shares issued and outstanding | $ | 810,000 |
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Paid-in capital in excess of par value, common stock |
| 525,000 |
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Retained earnings |
| 675,000 |
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Total stockholders equity | $ | 2,010,000 |
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On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $39 per share on February 5 before the stock dividend. The stocks market value is $35 per share on February 28.
Compute the total market value of the investors shares in part 2 as of February 5 and February 28.
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