Unfavorable standard cost variances are normally closed at the end of the period by:
A. Debiting the variance account and crediting Cost of Goods Sold.
B. Crediting the variance account and debiting Cost of Goods Sold.
C. Debiting the variance account and crediting Work in Process.
D. Crediting the variance account and debiting Work in Process.
B
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A company paid $20 per share to purchase 500 shares of its common stock as treasury stock. The stock was originally issued at $16 per share. The journal entry to record the purchase of the treasury stock is ______.
a. debit Common Stock $10,000; credit Cash $10,000 b. debit Treasury Stock $10,000; credit Cash $10,000 c. debit Treasury Stock $5,000 and Paid-in Capital in Excess of Par $5,000; credit Cash $10,000 d. debit Treasury Stock $8,000 and Retained Earnings $2,000; credit Cash $10,000 e. debit Treasury Stock $8,000; credit Cash $8,000
The negative side of using comparative ads may be found in the areas of believability and consumer attitudes
Indicate whether the statement is true or false