Shares to be issued in stock dividend = Shares of common stock outstanding * Stock dividend % = 57000 * 2% | 1140 |
Shares of common stock outstanding after issue of stock dividend = 1140 + 57000 | 58140 |
TVX Company | |
Stockholders' Equity Section of the Balance Sheet | |
February 28 | |
Common stock-$20 par value [ 58140 * 20 ] | 1162800 |
Paid-in capital in excess of par value, common stock [ 422000 + ( 31 - 20 ) * 1140 ] | 434540 |
Retained earnings [ 548000 - ( 1140 * 31 ) ] | 512660 |
Total stockholders' equity | 2110000 |
Required information The following information applies to the questions displayed below.] The stockholders' equity of TVX...
Required information The following information applies to the questions displayed below. The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,140,000 422,000 548,000 $2,110,000 mences On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,140,000 422,000 548,000 $2,110,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders a record. The stock's market value is $31 per share on February 5 before the...
Required information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,260,000 422,000 546,000 $2,228,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,575,000 426,000 547,000 $2,548,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$15 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 424,000 547,000 $1,871,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
[The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 64,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,280,000 425,000 546,000 $2,251,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 s record. The stock's market value is...
Required information [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. $ Common stock-$5 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 315,000 430,000 551, eee $1,296,800 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholde record. The...
Required information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Common stock-$20 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $1,300,000 525,000 675,000 Total stockholders' equity $2,500,000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Required information [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Common stock-$20 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 $1,300,000 525,000 675,000 $2,500,000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Required information [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 315,000 430,000 551,080 $1,296,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The...