On november 1, 2018, uno, inc. declared a dividend of $4.50 per share. uno, inc. has 23,000 shares of common stock outstanding and no preferred stock. which of the following is the journal entry needed to record the declaration of the dividend? oa. debit cash dividends $103,500, and credit cash $103,500 o b. debit cash dividends $103,500, and credit dividends payable-common $103,500. o c. debit dividends payable-common $103,500, and credit retained earnings $103,500. o d. debit cash $103,500, and credit dividends payablecommon $103,500

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.