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Business, 21.07.2020 19:01 aaliyahthomas37

The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock—$10 par value, 150,000 shares
authorized, 62, 000 shares issued and outstanding $620,000
Paid—in capital in excess of par value, common stock 423,000
Retained earnings 552,000
Total stockholders ' equity 1595,000

On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend.

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

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The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common s...
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