Question: 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


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, eee shares authorized, 73,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 730, eee 525, eee 675, eee $1,938,888 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Exercise 11-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution BE CE 4 3 of 6 earch Required information View transaction list X: 1 Record the declaration of 12% stock dividend. > 2 Record the distribution of 12% stock dividend. sit Credit On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28 Exercise 11-6 Part 2 2. One stockholder owned 800 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares Immediately before and after the stock dividend of February 5 (Round your "Book value per share" answers to 3 decimal places.) Before After Book value per share Total book value of shares
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