omework Problems Required information The following information applies to the q

Question

omework Problems Required information The following information applies to the questions displayed below The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-$10 par value, 150,000 shares suthorized, 50,000 shares issued and outstanding Paid-in eapital in excess of par value, common stock Retained esrninge Total stockholders equity s 500,000 25,000 1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $33.40 per share on February 28 3. Compute the total market value of the investor's shares in part 2 as of February 5 and Total market value of shares Prey 4 of 6 lli Next > MacBook Air 2 3

Explanation / Answer

Total market value of shares: 5-Feb 2400000 =60000*40 28-Feb 2404800 =(60000*1.2)*33.4

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