Question
Emma Systems, Inc. declared and issued a 8 percent stock dividend. The company has 720,000 shares authorized and 32,541 outstanding. The par value of the
Emma Systems, Inc. declared and issued a 8 percent stock dividend. The company has 720,000 shares authorized and 32,541 outstanding. The par value of the stock is $1.3 per share and the market value is $7 per share.
To record the stock dividend, the debit to Retained Earnings would be $_______
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
