Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the ore deposit is removed, the land will be worth $75,000. if 100,000 tons of ore are mined and sold during the first year, the depletion cost charged to expense for the year is:
Answers: 1
Business, 22.06.2019 11:10
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. â exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) â na = (360 ) (360 ) oa b. na = (360 ) + 360 360 â na = 360 na c. (360 ) = na + (360 ) (360 ) â na = (360 ) na d. na = (360 ) + 360 360 â na = 360 na
Answers: 1
Business, 23.06.2019 08:00
Wriston company is preparing its cash budget for the upcoming month. the beginning cash balance for the month is expected to be $15,000. budgeted cash disbursements are $72,500, while budgeted cash receipts are $89,600. wriston company wants to have an ending cash balance of $30,000. the excess (deficiency) of cash available over disbursements for the month would be
Answers: 2
Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchas...
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