Provide explanations.

mare - Operations, Dividends, Book Value pur Share, and Earnings per Share Exercise 9-5 (Small and Large Share Capital Dividends) The EMN Corporation has 500,000 shares of P10 par ordinary share capital outstanding as of October 1, 2014. On this date, the Board of Directors declared a share capital dividend distributable on Noveniber 20, 2014 to shareholders of record of October 30. The market price of each ordinary share is P25 on October 1; P23 on October 30 and P30 on November 20. Instructions: Prepare the entries to record the declaration and distribution of stock dividends under each of the following independent assumptions: 1. A 15% share capital dividend was declared and issued. 2. A 50% share capital dividend was declared and issued