Required Informetlon The following Information applies to the questions displaye

Question

Required Informetlon The following Information applies to the questions displayed below.J The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-$5 par value, 158,88 shares $ 385,800 authorized, 61,80 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 525,88 $1,585,88e On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $35 per share on February 5 before the stock dividend. The stock's market value s $30 per share on February 28. 3. Compute the total market value of the Investor's shares In part 2 as of February 5 and February 28. February 5 February 28 Total market value of shares

Explanation / Answer

February 5

February 28

Market value per share

35

30

shares owned

1000

1160

(1000*116%)

Market value of shares owned

35000

34800

Since you didn’t post the number of shares owned by investor in part 2 so I assumed it as 1000 shares. if at all possible please post the correct number of shares owned by him in part 2. I will solve it exact ans for you. As of now, solution is correct

February 5

February 28

Market value per share

35

30

shares owned

1000

1160

(1000*116%)

Market value of shares owned

35000

34800

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