What is the effect of a stock dividend or a stock split on, Financial Accounting

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What is the effect of a stock dividend or a stock split on

1. Upon receiving shares of stock from a stock dividend, why should the stockholder not consider the value of the stock as income?

2. What is the effect of a stock dividend or a stock split on book value per share?

3. Why do many companies like to give stock options as compensation?

4. What relevance does par value or stated value have to a financial ratio, such as return on equity or debt to equity?

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Financial Accounting: What is the effect of a stock dividend or a stock split on

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