Question
Emma Systems, Inc. declared and issued a 14 percent stock dividend. The company has 720,000 shares authorized and 36,438 outstanding. The par value of the
Emma Systems, Inc. declared and issued a 14 percent stock dividend. The company has 720,000 shares authorized and 36,438 outstanding. The par value of the stock is $1.6 per share and the market value is $8 per share.
To record the stock dividend, the debit to Retained Earnings would be $_______
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Quality Audits For Improved Performance
Authors: Dennis R. Arter
3rd Edition
0873895703, 978-0873895705
