Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Connon stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, connon stock. Retained earnings Total stockholders' equity $ 1,575,000 423,000 549,000 $ 2,547,000 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 $41 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)

Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Connon stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, connon stock. Retained earnings Total stockholders' equity $ 1,575,000 423,000 549,000 $ 2,547,000 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 $41 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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