Required informationExercise 11-10 (Static) Small stock dividend LO P2Skip to question
[The following information applies to the questions displayed below.]
The stockholders’ equity section of TVX Company on February 4 follows.
| Common stock—$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding | $ 600,000 |
|---|---|
| Paid-in capital in excess of par value, common stock | 425,000 |
| Retained earnings | 550,000 |
| Total stockholders’ equity | $ 1,575,000 |
On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 before the stock dividend.
Exercise 11-10 (Static) Part 2
2. Prepare the stockholders’ equity section after the stock dividend is distributed. (Assume no other changes to equity.)
Required informationExercise 11-10 (Static) Small stock dividend LO P2Skip to question
[The following information applies to the questions displayed below.]
The stockholders’ equity section of TVX Company on February 4 follows.
| Common stock—$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding | $ 600,000 |
|---|---|
| Paid-in capital in excess of par value, common stock | 425,000 |
| Retained earnings | 550,000 |
| Total stockholders’ equity | $ 1,575,000 |
On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 before the stock dividend.
Exercise 11-10 (Static) Part 2
2. Prepare the stockholders’ equity section after the stock dividend is distributed. (Assume no other changes to equity.
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