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The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 13-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) X Answer is not complete. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock-$20 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity ✓ $ 1,160,000 428,000 551,000 $ 2,139,000 ✓ 0

The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 13-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) X Answer is not complete. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock-$20 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity ✓ $ 1,160,000 428,000 551,000 $ 2,139,000 ✓ 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 13-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) X Answer is not complete. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 $ 1,160,000 428,000 551,000 $ 2,139,000 Common stock-$20 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 0
Transcribed Image Text:The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 13-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) X Answer is not complete. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 $ 1,160,000 428,000 551,000 $ 2,139,000 Common stock-$20 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 0
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