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Exercise 11-10(Algo) Small stock dividend LO P2 [The following information applies to the...

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Accounting

Exercise 11-10(Algo) Small stock dividend LO P2
[The following information applies to the questions displayed below.]
The stockholders' equity section of TVX Company on February 4 follows.
Common stock- $10 par value, 150,000 shares authorized, 59,000
shares issued and outstanding
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.
Exercise 11-10(Algo) Part 2
Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)
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