Reference no: EM132749539
Question: The stockholders' equity of TVX Company at the beginning of the day on February 5 follows.
Common stock-$15 par value, 150,000 shares
authorized, 63,000 shares issued and outstanding$945,000 Paid-in capital in excess of par value, common stock 424,000 Retained earnings 552,000 Total stockholders' equity$1,921,000
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.
Record the declaration of a 2% stock dividend.
Record the distribution of a 2% stock dividend.
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