Response to the following questions:
1. How does a stock dividend impact assets and retained earnings?
2. What distinguishes a large stock dividend from a small stock dividend?
3. What amount of retained earnings is capitalized for a small stock dividend?
4. What is the difference between the market value per share and the par value per share?
5. What is the difference between the par value and the call price of a share of preferred stock?
6. Identify and explain the importance of the three dates relevant to corporate dividends.