1. Emma Systems, Inc. declared and issued a 70 percent stock dividend. The company has...
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Accounting
1. Emma Systems, Inc. declared and issued a 70 percent stock dividend. The company has 720,000 shares authorized and 37,817 outstanding. The par value of the stock is $2.7 per share and the market value is $8 per share. To record the stock dividend, the debit to Retained Earnings would be $_______
2. Evan Corporation charter authorized the following capital stock: Preferred stock: 8 percent, par $11, authorized 10,000 shares. Common stock: par $2.3, authorized 50,000 shares. Since inception, Skyhawk sold 6,403 shares of the common stock at $8.8per share and 2,014 shares of the preferred stock at $19. The ending retained earnings was $87,595 On the statement of stockholders' equity, the total stockholders' equity would be reported as $_____
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