The stockholders equity section of TVX Company on February 4 follows. Common stock$5...
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Accounting
The stockholders equity section of TVX Company on February follows.
Common stock$ par value, shares authorized, shares issued and outstanding $
Paidin capital in excess of par value, common stock
Retained earnings
Total stockholders equity $
On February the directors declare a stock dividend distributable on February to the February stockholders of record. The stocks market value is $ per share on February before the stock dividend.
Prepare entries to record both the dividend declaration and its distribution. Record the declaration of a stock dividend. Record the distribution of a stock dividend.
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