Homework Answers
Ans-1- The book value per share and total book value of this stockholders' shares (750 shares) immediately before and after the stock dividend of February 5 is calculated below:-
| Before | After | |
| Total Stockholders' Equity | $1,950,000 | $1,950,000 |
| Issued and distributed shares | 75,000 |
85,500 (75,000*1.14) |
| Book value per share | $26 ($1,950,000/75,000) | $22.81 ($1,950,000/85,500) |
| Shares owned | 750 | 855 (75081.14) |
| Total book value of shares | $19,500 ($26*750) | $19,500 |
Ans-2-The journal entries for stock dividend are provided below:-
| Date | Account Titles and Explanation | Debit ($) | Credit ($) |
| Feb.5 | Retained Earnings (75,000*14%*$34) | 357,000 | |
| Common stock dividend distributable (75,000*14%*$10) | 105,000 | ||
| Paid in capital in excess of par value- Common Stock (75,000*14%*$24) ($34-$10=$24) | 252,000 | ||
| (To record stock dividend declared) | |||
| Feb.28 | Common stock dividend distributable | 105,000 | |
| Common stock, $10 par value | 105,000 | ||
| (To record common stock issued) |
Ans--3-The total market value of the investor's shares (750 shares) as of February 5 and February 28 is calculated below:-
| 5-February | 28-February | |
| Market value per share | $34 | $30 |
| Shares owned | 750 | 855 (750*1.14) |
| Total market value of shares owned | $25,500 ($34*750) | $25,650 ($30*855) |
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Check my work 3 Required information IThe following information applies to the questions displayed below.) The...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Part 2 of 3 points Conmon stock-$10 par value, 150,000 shares authorized, 75,000 shares issued and outstanding Paid-in capital in exceas of par valuc, common stock Retained earnings Total atockholders' cguity $ 750,000 525,000 675, 000 $1,950, 000 eBook On February 5, the directors declare a 14% stock dividend...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Part 2 of 3 points Conmon stock-$10 par value, 150,000 shares authorized, 75,000 shares issued and outstanding Paid-in capital in exceas of par valuc, common stock Retained earnings Total atockholders' cguity $ 750,000 525,000 675, 000 $1,950, 000 eBook On February 5, the directors declare a 14% stock dividend...
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, 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...
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 authorised, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 870,000 525.000 675,000 $2,070.000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
[The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at...
[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, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 280,000 525, 800 675,000 $1,480,000 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
0 Required information The following information applies to the questions displayed below. The stockholders' equity of...
0 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, 67,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 1,005,000 525,000 675,000 $2,205,000 Total stockholders equity On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
N Required information The following information applies to the questions displayed below The stockholders equity of...
N 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 (80134 24 Common stock 520 par value, 150,000 Shares authorized: 69,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1, ,000 525,990 675,000 $2,580, eee On February 5, the directors declare a 14% stock dividend distributable on February 28 to the...
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, 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...
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 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...
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...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Part 2 of 3 points Conmon stock-$10 par value, 150,000 shares authorized, 75,000 shares issued and outstanding Paid-in capital in exceas of par valuc, common stock Retained earnings Total atockholders' cguity $ 750,000 525,000 675, 000 $1,950, 000 eBook On February 5, the directors declare a 14% stock dividend...
Check my work 3 Required information IThe following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Part 2 of 3 points Conmon stock-$10 par value, 150,000 shares authorized, 75,000 shares issued and outstanding Paid-in capital in exceas of par valuc, common stock Retained earnings Total atockholders' cguity $ 750,000 525,000 675, 000 $1,950, 000 eBook On February 5, the directors declare a 14% stock dividend...
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-$15 par value, 150,000 shares authorised, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 870,000 525.000 675,000 $2,070.000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
[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, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 280,000 525, 800 675,000 $1,480,000 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
0 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, 67,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 1,005,000 525,000 675,000 $2,205,000 Total stockholders equity On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
N 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 (80134 24 Common stock 520 par value, 150,000 Shares authorized: 69,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1, ,000 525,990 675,000 $2,580, eee On February 5, the directors declare a 14% stock dividend distributable on February 28 to 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 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-$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 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, 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...
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