Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the stockholders equity section of tvx company on

The stockholders equity section of TVX Company on February 4 follows. Common stock$5...

70.2K

Verified Solution

Question

Accounting

The stockholders equity section of TVX Company on February 4 follows.
Common stock$5 par value, 150,000 shares authorized, 58,000 shares issued and outstanding $ 290,000
Paid-in capital in excess of par value, common stock 428,000
Retained earnings 548,000
Total stockholders equity $ 1,266,000
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 dividend.
1. Prepare entries to record both the dividend declaration and its distribution. Record the declaration of a 2% stock dividend. Record the distribution of a 2% stock dividend.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Tropical Charters, based in the Bahamas, runs multi-day fishing charters for wealthy anglers. They have been...

Finance
Q

1. You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing...

Finance
Q

A dad pushes tangentially on a small hand-driven merry-go-round and is able to accelerate it from...

Physics
Q

Case Study You are an Assistant involved in performing research on a drug called Yerinz for...

General Management
Q

A light rigid rod of length 4m is connected rigidly with two identical particles each...

Physics
Q

A patrol car is parked 0 feet from a long warehouse see figure The revolving...

Geometry
Q

1 point Five people applied for jobs at a store Only two of these people...

Basic Math
Q

Evaluate the definite integral 2 S X 2x 2 O A 0 120 OB 0...

Calculus
Q

On June 30, 2011, Gunderson Electronics issued 8% stated rate bonds with a face amount...

Accounting
Q

Entry for Coins, currency (paper money), checks, money orders, and money on deposit available for...

Accounting
Q

can't I get help with 2 through 8 please. ...

Accounting
Q

On October 1, 2021. Santana Rey launched a computer services company called Business Solutions, which...

Accounting