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Required information The following information applies to the questions displayed below.] The stockholders equity of TVX Com
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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
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