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ur Required information Exercise 13-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.] Part 1 of 2 The stockholders'

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ur Required information Exercise 13-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.] Part 1 of 2 The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. 0.9 points Common stock-$15 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 855,000 422,000 551,000 $1,828,000 eBook 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 $41 per share on February 5 before the stock dividend. Hint A Print Exercise 13-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. References View transaction list 1 Record the declaration of a 2% stock dividend. 2 Record the distribution of a 2% stock dividend. Part 2 of 2 Exercise 13-8 Small stock dividends LO P2 (The following information applies to the questions displayed below. 0.9 points 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, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity eBook $ 855,000 422,000 551,000 $1,828,000 Hint 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 $41 per share on February 5 before the stock dividend. Print Exercise 13-8 Part 2 References 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 Total stockholders' equity

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