1/ The stockholders’ equity of TVX Company at the beginning of the day on Februa

Question

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

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 5 before the stock dividend. The stock’s market value is $35 per share on February 28.

One stockholder owned 600 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" answers to 3 decimal places.)

2/ Required information

The following information applies to the questions displayed below.]

Duval Co. issues four-year bonds with a $101,000 par value on January 1, 2017, at a price of $96,990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31.

. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)

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

Explanation / Answer

Part a

$          7,560.00

Part B

Before After Total Stockholders Equity $ 18,90,000.00 $ 18,90,000.00 / Shares 150000 174000 Book Value/Share $                 12.60 $                10.86 Shares Owned 600 696 Book Value of Shares $           7,560.00

$          7,560.00

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