Answer Happy

Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follo Common stock-$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 975,000 423,000 553,000 $1,951,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to record. The stock's market value is $36 per share on February 5 before the stock divider Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution.
Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 fo Common stock-$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 975,000 423,000 553,000 $1,951,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 record. The stock's market value is $36 per share on February 5 before the stock divic Exercise 11-8 Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assumer TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity SS 22