Emma Systems, Inc. declared and issued a 40 percent stock dividend. The company has 720,000 shares authorized and 36552 outstanding. The par value of the stock is $1.40 per share and the market value is $8 per share. To record the stock dividend, the debit to Retained Earnings would be $______

Emma Systems, Inc. declared and issued a 40 percent stock dividend. The company has 720,000 shares authorized and 36552 outstanding. The par value of the stock is $1.40 per share and the market value is $8 per share. To record the stock dividend, the debit to Retained Earnings would be $______

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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