Select one correct answer. Stear Corp. paid $35,000 as dividends to its shareholders for an accounting period. What is the entry in the journal of the company?

A. Dividend Account (debit) 35,000; Cash Account (credit) 35,000
B. Cash Account (debit) 35,000; Dividend Account (credit) 35,000
C. Dividend Account (debit) 35,000; Shares Account (credit) 35,000
D. Shares Account (debit) 35,000; Cash Account (credit) 35,000
E. Shares Account (debit) 35,000; Dividend Account (credit) 35,000

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: