Answered step by step
Verified Expert Solution
Question
1 Approved Answer
what are the answers Required information Exercise 11-6 Stock dividends and per share book values LO P2 The following information applies to the quwestions displayed
what are the answers
Required information Exercise 11-6 Stock dividends and per share book values LO P2 The following information applies to the quwestions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Conmon stock $28 par value, 150,00 shares aut horized, 58,98 shares issued and outstanding Paid-in cpital in excess of par value, common stock $1,000,009 525,098 675,80 Total stockholoers equity $2,208,808 On February 5, the directors declare a 12% stock dividend distroutable on February 28 to the February is stockholders of record The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28 Exercise 11-6 Part 2 2. One stockholder owned 800 shares on February 5 before the dividend Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of Februery 5. (Round your "Book value per share enswers to 3 decimal places.) 3 Answer is complete but not entirely correct. BeforeAfter 44000 39.206 e 35,200 s 37714 0 Book value per shar Total book vaue of 18 Next>Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started