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[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—$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding $ 975,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders’ equity $ 2,175,000 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 before the stock dividend. The stock’s market value is $35 per share on February 28. 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" answer

before after
book value per share
total book value of shares
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Answer #1
05-Feb Retained earnings 304200
Common stock dividend distributable 117000
Paid in capital in excess of par value-common stock 187200
65000*12% = 7800 7800
Retained earnings 7800*39 304200
Common Stock Dividend Distributable 7800*15 117000
Paid-In Capital in Excess of Par Value, Common Stock
304200-117000		 187200
28-Feb Common stock dividend distributable 117000
Common stock 15 par value 117000
Before After
Book Value Per Share
total book value of shares
Before After
Total stockholders’ equity 2175000 2175000
Issued and distributable shares 65000 72800
Book value per share 33.46154 29.87637
Shares owned 800 896
Total book value of shares 26769.23 26769.23
800*112%= 896
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