The stockholders’ equity of Tyron Company at the beginning of the day on February 5 follows.
On February 5, the directors declare a 15% stock dividend distributable on February 28 to the February
15 stockholders of record. The stock’s market value is $50 per share on February 5 before the stock dividend.
The stock’s market value is $43.60 per share on February 28.
1. Prepare entries to record both the dividend declaration and its distribution.
2. One stockholder owned 900 shares on February 5 before the dividend. Compute the book value per
share and total book value of this stockholder’s shares immediately before and after the stock dividend
of February 5.
3. Compute the total market value of the investor’s shares in part 2 as of February 5 and
February 28.
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