Question

50% stock dividend (par value) or 3-for-1 stock split Stockholders' Equity section of balance sheet Common Stock, $10 par value, 75,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 200,000 410,000 $ 1,360,000 1125,000 200,000 35,000 1,360,000 750.000 200,00 40,000 $ 1,360,000 Common stock shares outstanding 75,000 Add your computations under the column: Ex 13-8, TVX Company 10% stock dividend (FMV = $31/share) 3-for-1 stock split or Stockholders' Equity section of balance sheet Common Stock, $10 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 $ 600,000 425,000 550,000 $ 1,575,000 1,575,000 $ 1,575,000 Common stock shares outstanding 25,000 Add your computations under the column: Journal entries Feb 5 Feb 28

Please help me fill the rest of this out and explain the computations. Additionally, on Feb. 5th the directors declare a 20% stock dividend distributable on Feb. 28th to the Feb. 15th stockholders of record. The stock's market value is $40 per share on Feb. 5th before the stock dividend.

1. Prepare entries to record both the dividend declaration and its distribution.

2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity).

Answer 1

		50% stock dividend	3-for-1 stock split
Common Stock, $10 par value, 75000 shares issued and outstanding	750000	1125000	750000
Paid in capital in excess of par	200000	200000	200000
Retained Earnings	410000	35000	410000
Total Stockholders Equity	1360000	1360000	1360000
Common Stock Shares outstanding	75000	112500	225000
		=75000+75000*50%	=75000*3

		10% stock dividend		3-for-1 stock split
Common Stock, $10 par value, 60000 shares issued and outstanding	600000	660000	=600000+60000*10%*10	600000
Paid in capital in excess of par	425000	551000	=425000+60000*10%*(31-10)	425000
Retained Earnings	550000	364000	=550000-(60000*10%*31)	550000
Total Stockholders Equity	1575000	1575000		1575000
Common Stock Shares outstanding	60000	66000		180000
		=60000+60000*10%		=60000*3

If stock dividend is small, it is recorded at market price.

Data is not provided for Question 2, journal entries
Moreover as per HOMEWORKLIB RULES we are supposed to answer 1 question, i have already answered two, so kindly post other question separately