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Everly corporation acquires a coal mine at a cost of $400,000. intangible development cost total $100,000. after extraction has occurred, everly must restore the property (estimated fair value of the obligation is $80,000), after which it can be sold for $160,000. everly estimates that 4,000 tons of coal can be extracted. if 700 tons are extracted the first year, prepare journal entry to record depletion.
Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of .89. What is its level of inventory?
guab corporation purchased a machine at a total cost 400000. it has a useful life of seven years or 25000 hours of
Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology.
Here are stock market and Treasury bill returns between 1997 and 2001: What was the risk premium on common stock in each year? What was the average risk premium?
An appraisal showed that the fair market value of inventory was $300,000 and that the fair market value of the plant assets was $1,250,000. The fair market value of the receivables is equal to book value. The agreed purchase price was $2,200,000 m..
what atmospheric conditions must change so that the westerly fl owing polar front jet stream reverses direction and
harry purchased equipment for his business and gave the seller cash and a note due in two years. larry also purchased
A controlling influence over the a company you have invested in is based on you owning voting stock exceeding what percent?
company has the choice of either selling 1000 defective units as scrap or rebuilding them. the company could sell the
suppose taxpayers were given a new option under the tax law for retirement funding. the new option requires that they
How would you advise Mel and prepare a schedule to show the differential costs.
on january 1 2013 packard corporation leased equipment to hewlitt company. the lease term is 9 years. the first payment
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