Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Have an account? Sign In

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Sign Up Here

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask question.(5)

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

ITtutoria

ITtutoria Logo ITtutoria Logo

ITtutoria Navigation

  • Python
  • Java
  • Reactjs
  • JavaScript
  • R
  • PySpark
  • MYSQL
  • Pandas
  • QA
  • C++
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • Python
  • Science
  • Java
  • JavaScript
  • Reactjs
  • Nodejs
  • Tools
  • QA
Home/ Questions/The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:
Next
Answered
lyytutoria
  • 19
lyytutoriaExpert
Asked: April 11, 20222022-04-11T19:10:30+00:00 2022-04-11T19:10:30+00:00In: Accounting

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

  • 19

. Advertisement .

..3..

. Advertisement .

..4..

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, 54,000 shares issued and outstanding

$

810,000

Paid-in capital in excess of par value, common stock

525,000

Retained earnings

675,000

Total stockholders’ equity

$

2,010,000

On February 5, the directors declare a 10% 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 before the stock dividend. The stock’s market value is $35 per share on February 28.

Record the declaration of 10% stock dividend.

Date

General Journal

Debit

Credit

Feb 05

 

 

 Date

 General Journal

 Debit

 Credit

 Feb 28

 

♦ Relevant knowledge
Book value for a common share is the equity that is accessible to each common shareholder. In order to calculate the book value those liabilities of the company are subtracted from the assets in order to calculate the equity of stockholders. The equity of stockholders is divided by the number common shares in circulation to calculate the book value per common share.

earningsstockvalue
  • 2 2 Answers
  • 84 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook
  • Report

2 Answers

  • Voted
  • Oldest
  • Recent
  • Random
  1. Best Answer
    lyytutoria Expert
    2022-04-25T03:54:34+00:00Added an answer on April 25, 2022 at 3:54 am
       Date                  General Journal         Debit      Credit
     Feb. 05 Retained Earnings = 54,000 shares × 10% + $39 per Share       $210,600
    Common stock dividend distributable [54,000 shares × 10% × $15 par value per share]     $81,000
    Paid-in capital exceeding par value of Common stock [$210 600 – $81,000]   $129,600

     

       Date                General Journal        Debit     Credit
      Feb. 28 Common stock dividend distributable      $81,000
    Common Stock     $81,000

     

    • 6
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  2. Susan O'Kelly
    2022-04-11T19:10:32+00:00Added an answer on April 11, 2022 at 7:10 pm
    Date General Journal Debit Credit
    Feb. 05 Retained Earnings = 54,000 shares x 10% + $39 per Share $210,600
    Common stock dividend distributable [54,000 shares x 10% x $15 par value per share] $81,000
    Paid-in capital exceeding par value of Common stock [$210 600 – $81,000] $129,600

    .

    .

    Date General Journal Debit Credit
    Feb. 28 Common stock dividend distributable $81,000
    Common Stock $81,000
    • 11
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report

Leave an answer
Cancel reply

You must login to add an answer.

Forgot Password?

Need An Account, Sign Up Here

Sidebar

Ask A Question
  • How to Split String by space in C++
  • How To Convert A Pandas DataFrame Column To A List
  • How to Replace Multiple Characters in A String in Python?
  • How To Remove Special Characters From String Python

Explore

  • Home
  • Tutorial

Footer

ITtutoria

ITtutoria

This website is user friendly and will facilitate transferring knowledge. It would be useful for a self-initiated learning process.

@ ITTutoria Co Ltd.

Tutorial

  • Home
  • Python
  • Science
  • Java
  • JavaScript
  • Reactjs
  • Nodejs
  • Tools
  • QA

Legal Stuff

  • About Us
  • Terms of Use
  • Privacy Policy
  • Contact Us

DMCA.com Protection Status

Help

  • Knowledge Base
  • Support

Follow

© 2022 Ittutoria. All Rights Reserved.

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.