Question
In: Accounting
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows: Common stock—$5 par value, 150,000 shares authorized, 59,000 shares issued and outstanding $ 295,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders’ equity $ 1,495,000 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 $46 per share on February 5 before the stock dividend. The stock’s market value is $40 per share on February 28.
One stockholder owned 700 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.
Compute the total market value of the investor’s shares in part 2 as of February 5 and February 28.
Solutions
ekkarill92 answered 7 hours agoRelated Solutions
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows.
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows. Common stock—$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding $ 1,140,000 Paid-in capital in excess of par value, common stock 429,000 Retained earnings 555,000 Total stockholders’ equity $ 2,124,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $31 per share on February 5...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:...
The stockholders’ equity of TVX Company at the beginning of the
day on February 5 follows: Common stock—$15 par value, 150,000
shares authorized, 70,000 shares issued and outstanding $ 1,050,000
Paid-in capital in excess of par value, common stock 525,000
Retained earnings 675,000 Total stockholders’ equity $ 2,250,000 On
February 5, the directors declare a 18% stock dividend
distributable on February 28 to the February 15 stockholders of
record. The stock’s market value is $41 per share on February 5...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:...
The stockholders’ equity of TVX Company at the beginning of the
day on February 5 follows: Common stock—$5 par value, 150,000
shares authorized, 55,000 shares issued and outstanding $ 275,000
Paid-in capital in excess of par value, common stock 525,000
Retained earnings 675,000 Total stockholders’ equity $ 1,475,000 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 $45 per share on February 5...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows....
The stockholders’ equity of TVX Company at the beginning of the
day on February 5 follows. Common stock—$25 par value, 150,000
shares authorized, 57,000 shares issued and outstanding $ 1,425,000
Paid-in capital in excess of par value, common stock 423,000
Retained earnings 553,000 Total stockholders’ equity $ 2,401,000 On
February 5, the directors declare a 2% stock dividend distributable
on February 28 to the February 15 stockholders of record. The
stock’s market value is $41 per share on February 5...
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows:...
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, 67,000
shares issues and outstanding
670,000
Paid-in capital in excess of par value, common stock
525,000
Retained Earnings
675,000
Total Stockholders' Equity
1,870,000
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 $39 per share on February 5...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows: ...
The stockholders’ equity of TVX Company at the beginning of the
day on February 5 follows:
Common stock—$20 par value,
150,000 shares authorized, 51,000 shares issued and
outstanding
$
1,020,000
Paid-in capital in excess of par
value, common stock
525,000
Retained earnings
675,000
Total stockholders’ equity
$
2,220,000
On February 5, the directors declare a 18% stock dividend
distributable on February 28 to the February 15 stockholders of
record. The stock’s market value is $47 per share on February 5...
1/ The stockholders’ equity of TVX Company at the beginning of the day on February 5...
1/ 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, 69,000 shares issued and outstanding
$
690,000
Paid-in capital
in excess of par value, common stock
525,000
Retained
earnings
675,000
Total
stockholders’ equity
$
1,890,000
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 $41 per share on February...
13-6 Final The stockholders’ equity of TVX at the beginning of the day on February 5...
13-6 Final The stockholders’ equity of TVX at
the beginning of the day on February 5 follows:
Com. stock - $10 par value, 150,000 shares authorized, 60,000
shares issued and outstanding $600,000
Paid-in capital in excess of par value, common stock 425,000
Retained earnings 550,000
Total stockholders’ equity $1,575,000
On February 4, the directors declare a 20% dividend
distributable on February 28 to the February 15 stockholders of
record. The stock’s market value is $40 per share on February 5...
[The following information applies to the questions displayed below.] The stockholders’ equity of TVX Company at...
[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, 69,000 shares issued and outstanding
$
690,000
Paid-in capital
in excess of par value, common stock
525,000
Retained
earnings
675,000
Total
stockholders’ equity
$
1,890,000
On February 5, the directors declare a 16% stock dividend
distributable on February 28 to the February 15 stockholders of
record. The stock’s...
Question 1. A company has the following transactions during the year related to stockholders’ equity. February...
Question 1. A company has the following
transactions during the year related to stockholders’
equity.
February
1
Issues 4,800 shares of no-par common stock for $15 per
share.
May
15
Issues 300 shares of $10 par value, 6.5% preferred stock for
$12 per share.
October
1
Declares a cash dividend of $0.65 per share to all stockholders
of record (both common and preferred) on October 15.
October
15
Date of record.
October
31
Pays the cash dividend declared on October...
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