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Question

$0.75 Accountant

  • From Business: Accounting
  • Closed, but you can still post tutorials
  • Due on Jul. 03, 2012
  • Asked on May 31, 2012 at 1:42:23PM
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blumicab613
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Q:
The stockholders' equity of Tyron Company at the beginning of the day on February 5 follows. Common stock—$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding $ 1,240,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders' equity $2,440,000 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 $48 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28.
 
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Requirement 3:

One stockholder owned 550 shares on February 5 before the dividend. Compute the total market value of the investor's shares as of February 5 and February 28. (Omit the "$" sign in your response.)
 
       February 5      February 28
  Total market value of shares owned $            $