The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 58, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 580, 000 426,000 553, 000 Total stockholders' equity $ 1,559, 000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-1O (Algo) Part 2 . Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVY CO MPANY
The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 58, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 580, 000 426,000 553, 000 Total stockholders' equity $ 1,559, 000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-1O (Algo) Part 2 . Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVY CO MPANY
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...
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