Emma Systems, Inc. declared and issued a 14 percent stock dividend. The company has 720,000 shares...
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 $_______
Homework Answers
| Stock dividend is declared in No of shares issued & outstanding | |
| Stock dividend is = (36438*14%) | |
| Stock dividend is = 5,101.32 shares | |
| Stock dividend amount is = (5101.32*8) | |
| Stock dividend amount is = $ 40,810.56/. | |
| Debit to Retained Earnings would be $ 40,811/. | |
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