On february 5 the directors declare a 15 stock dividend

Reference no: EM13602591

The stockholder equity of Tyron Company at the beginning of the day on February 5 follows.

Common stock $25 par value, 150,000 shares
authorized, 64,000 shares issued and outstanding $1,600,000
Paid-in capital in excess of par value, common stock 525,000
Retained earnings 671,800
Total stockholders' equity $2,796,800

On February 5, the directors declare a 15% stock dividend distributable on February 28 to the February 15 stockholdrs of record. The stock's market value is $50 per share on February 5 before the stock dividend. The stock's market value is $43.60 per share on February 28.

Requirement;2. One stockholder owned 900 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock (Please help to show how to compute using the book value formula.

Reference no: EM13602591

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