The stockholder''s equity of tvx company at the beginning

Assignment Help Accounting Basics
Reference no: EM13899414

The stockholder's equity of TVX Company at the beginning of the day on February 5 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 stockholder's 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. The stock's market value is $ 33.40 per share on February 28. 
1. Prepare entries to record both the dividend declaration and its distribution. 

2. One stockholder owned 800 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 dividend of February 5. 

3. Compute the total market value of the investor's shares in part 2 as of February 5 and February 28.

Reference no: EM13899414

Questions Cloud

How did mrs. whitcomb provide differentiated instruction : How did Mrs. Whitcomb provide differentiated instruction for Carmella?
Identify criminal justice examples that use of each tool : Identify criminal justice examples that would be an appropriate use of each tool. Further, for each example, identify and explain the types of market risk that may affect the strategic concerns of capital budgeting.
Define the terms mental model and cognitive model : Define the terms mental model and cognitive model. Once defined, identify and discuss the relationship between these two concepts.
Lee y analiza detenidamente la lectura la cultura : Lee y analiza detenidamente la lectura La cultura organizacional: Un potencial activo estratégico desde la perspectiva de la administración relacionada con la Teoría de los 6 sombreros.
The stockholder''s equity of tvx company at the beginning : The stockholder's equity of TVX Company at the beginning of the day on February 5 follows:
Identify and discuss the characteristics of decision domain : Identify and discuss the characteristics of the decision domain. Within your response, identify and discuss impediments that may have affected the rendering of the decision. Further, provide a discussion of the effects of these decisions.
Determine the fundamental matrix for this problem : What is the probability that an employee who has received a raise will eventually quit?
The two codes of conduct : Importance of ethics in purchasing based upon the two codes of conduct
Determine the use of mis within local law enforcement entity : Determine the uses of MIS within your local law enforcement entity. Discuss how the use of the MIS supplements the rendering of managerial decisions. Further, discuss how the use of such MIS improves the efficiency and effectiveness of the organiza..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute conrad itemized deductions

Conrad, who is single, had agi of $361,850 during the year. He incurred the following expenses and losses during the year:

  Standard costs and variances

Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..

  Tax consequences of the exchange

The common stock has voting rights. The preferred stock does not. a. Is the exchange nontaxable under Sec. 351? Explain the tax consequences of the exchange to Al, Bob, Carl, and West.

  Prepare the adjusting entry needed for success systems to

adria lopez owner of success systems realizes that she needs to begin accounting for bad debts expense. assume that

  The company is now in the process of preparing a production

crystal telecom has budgeted the sales of its innovative mobile phone over the next four months as followssales in

  The counter clerk uses your order invoice ticket in

gambinos pizza operates strictly on a carryout basis. customers pick up their orders at a counter where a clerk

  Explain why proponents of lifo argue that it provides a

explain why proponents of lifo argue that it provides a better match of revenue and expenses. in what situation would

  What alternative should be chosen

If they are repackaged, at a cost of $15,000, they could be sold to toy stores for $2.50 per unit. What alternative should be chosen, and why?

  Te fixed element of monthly overhead costs b use the cost

high-low method following information is available regarding the total manufacturing overhead costs of paymore inc. for

  Desmond drury and ty wilkins have decided to form a

desmond drury and ty wilkins have decided to form a partnership. they have agreed that drury is to invest 20000 and

  Grain amp fiber foods gff produces granola cereal for sale

grain amp fiber foods gff produces granola cereal for sale to large grocery stores. as part of the production process

  Describe the two sampling risks for test of controls and

1.explain audit risk and auditors responsibility to handle the risk?2.what is pcaob interpretation of federal

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd