- Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)
- Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
![Required information
Exercise 11-8 Small stock dividends LO P2
[The following information applies to the questions displayed below.]
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
$ 855, 000
427, 000
554, 000
Total stockholders' equity
$1,836, 000
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 $31 per share on February 5 before the stock dividend.
Exercise 11-8 Part 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97b5df25-1667-438a-b46e-c2a0d1ae7c86%2F0c98750a-cb41-43fe-8f6e-02a0b9807843%2Fx0ed7o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 11-8 Small stock dividends LO P2
[The following information applies to the questions displayed below.]
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
$ 855, 000
427, 000
554, 000
Total stockholders' equity
$1,836, 000
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 $31 per share on February 5 before the stock dividend.
Exercise 11-8 Part 2
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