The stockholders' equity of TVX Company at the beginning of the day on February 5 follows:...

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The stockholders equity of TVX Company at the beginning of the day on February 5 follows: Common stock-$10 par value, 150,00

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Answer 1

Answer #1

After stock dividend is declared and distributed, only the internal composition of stockholders equity changes, however total stockholders equity does not change.

In the given case, after 20% stock dividend, the balance of common stock, paid in capital in excess of par and retained earnings will change but total stockholders equity will remain same at $1,575,000.

Hence, the total book value of shares of the given stockholders will remain same as before stock dividend i.e. $21,000.

All other calculations done by you are correct.

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Answer 2

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