The stockholders equity of TVX Company at the beginning of the day on February 5...
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Accounting
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, 59,000 shares issued and outstanding
$
1,180,000
Paid-in capital in excess of par value, common stock
426,000
Retained earnings
545,000
Total stockholders equity
$
2,151,000
On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $41 per share on February 5 before the stock dividend.
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