omework Problems Required information The following informat

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

Solution

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