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what is the correct answer Required information Exercise 11-6 Stock dividends and per share book values LO P2 The following information applies to the questions
what is the correct answer
Required information Exercise 11-6 Stock dividends and per share book values LO P2 The following information applies to the questions displayed below) The stockholders' equity of TVX Company ot the beginning of the day on February 5 follows: Common stock-$20 par value, 150,000 shares authorized, 50,900 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $1,000,000 525,000 675,000 $2,200,009 On February 5, the directors declare a 12% stock div end distributable on February 28 to the February 15 stockh record. The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market val $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 bo this stockholder's shares immediately before and after the stock dividend of February 5. (Round your "Book value per sha to 3 decimal places.) 3 Answer is complete but not entirely correct. Before After 39 286 Book value per share Total book value of 44.000 renare 35200 37714Step by Step Solution
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