1. Why do corporations issue share dividends? 2. Share dividends (the major part of this chapter): calculate the amount of share dividend if the directors of X-Quest declare a 10% share dividend on Dec 31, 2017. The company currently has 10.000 shares outstanding and the market price of the share is $15 per share. The dividend is to be distributed on Jan 20 to the shareholders of record on Jan 15. a. Calculate the amount of the share dividend. b. What is the journal entry on Dec 31, the date of declaration? Give the 2 ways of doing that c. On dec 31, the company's year end, give one closing entry d. What is the closing entry if the retained earnings account was debited on the date of declaration? e. What journal entry is required on Jan 15 the date of record? f. What journal entry is required on Jan 20 the date of distribution? 3. What is a share split? 4. What is a repurchase of shares