What is the amount of depletion
A company purchased land for its natural resources at a cost of $1,570,000. It expects to mine 2,175,000 tons of ore from this land.The residual value of the land is estimated to be $355,000. What is the amount of depletion per ton of ore?
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The dates of importance in connection with a cash dividend of $65,000 on a corporations common stock are january 15, february 15, and march 15. journalize the entries required on each date?
Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
A corporation purchased for cash 5,000 shares of its own $10 par common stock at $34.00 a share. In the following year, it sold 2,000 of the treasury shares at $38 a share for each.
If sold now, the current copier would have a salvage value of $1,000. If operated for the remainder of its useful life, the current machine would have zero salvage value. The new machine is expected to have zero salvage value after five years.
Under both U.S GAAP and IFRS, which one of the following items is reported separately in the income statement, net of tax?no words limits.
Each warrant entitles its owner to buy one share at a price of $20 before 2020. The firm's basic earnings per share is $2.50. What is the firm's diluted earnings per share?
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activi
Lasting carpet inc., a carpet wholesaler, issued cash for 300,000 shares of no-par common stock at $9 , and on Nov. 18, it issued cash for 40,000 shares of $90 par preferred stock at $100
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