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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, 66,000 shares
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, 66,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 1,320,00o 525,000 675,000 Total stockholders' equity $2,520,000 On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $44 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28
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