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The stockholders equity section of TVX Company on February 4 follows. Common stock$15 par
value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 900,000 Paid-in capital
in excess of par value, common stock 425,000 Retained earnings 549,000 Total stockholders
equity $ 1,874,000 On February 5, the directors declare a 2% stock dividend distributable on
February 28 to the February 15 stockholders of record. The stocks market value is $36 per share
on February 5 before the stock dividen

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  • 1. The stockholders equity section of TVX Company on February 4 follows. Common stock$15 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 900,000 Paid-in capital in excess of par value, common stock 425,000 Retained earnings 549,000 Total stockholders equity $ 1,874,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $36 per share on February 5 before the stock dividen