EXCERCISE 11-6 STOCK DIVIDENDS AND PER SHARE BOOK VALUES LO P2.

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Exercise 11-6 Stock dividends and per share book values LO P2 [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 authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 600,000 425,000 550,000 $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. Exercise 11-6 Part 3 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