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Emma Systems, Inc. declared and issued a 70 percent stock dividend. The company has 720,000 shares authorized and 37,374 outstanding. The par value of the

Emma Systems, Inc. declared and issued a 70 percent stock dividend. The company has 720,000 shares authorized and 37,374 outstanding. The par value of the stock is $0.3 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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