Reference no: EM132520075
Question - The stockholders' equity of TVX Company at the beginning of the day on February 5 follows.
Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding $ 1,160,000
Paid-in capital in excess of par value, common stock 427,000
Retained earnings 550,000
Total stockholders' equity $ 2,137,000
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.
Required - Prepare the stockholders' equity section after the stock dividend is distributed.
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