Question: Similar problems but not the same! Please show your entire detailed work and explanation, taking into account fractional shares and the percent of stock dividend.

Similar problems but not the same! Please show your entire detailed work and explanation, taking into account fractional shares and the percent of stock dividend.

Please answer both questions.

Emma Systems, Inc. declared and issued a 7 percent stock dividend. The company has 720,000 shares authorized and 43,127 outstanding. The par value of the stock is $2.05 per share and the market value is $7 per share.

To record the stock dividend, the debit to Retained Earnings would be $_______

43127 x .07 is 3018.89 but taking into account no fractional shares it is 3018 or 3019? Then multiplied by the market value of $7...?

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Emma Systems, Inc. declared and issued a 70 percent stock dividend. The company has 720,000 shares authorized and 40,267 outstanding. The par value of the stock is $0.8 per share and the market value is $8 per share.

To record the stock dividend, the debit to Retained Earnings would be $_______

Here it is 70 percent stock dividend, how does that change the calculation?

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