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Question - Pronghorn Corporation, a publicly traded mining company, acquires a mine at a cost of $520,000. Capitalized development costs total $134,500. After the mine is depleted, $79,000 will be spent to restore the property, after which it can be sold for $160,500. Pronghorn estimates that 5,000 tonnes of ore can be mined. Assuming that 860 tonnes are extracted in the ?rst year, prepare the journal entry to record depletion.
in april of the current year freeman steel company transferred herb porter from its factory in nebraska to its plant in
For 2014, ABC Company estimates bad debt expense at 1% of credit sales. Calculate ABC's accounts receivable at December 31, 2014
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar
Define the term database. How is it different from a database management system?
On January 2, 20X5, Well Co. purchased 10 percent of Rea, Inc.'s outstanding common shares for $400,000. What amount should Well report as in Rea?
Competitive Advantage. In deciding whether to invest abroad, management must first determine whether the firm has a sustainable competitive advantage.
What is the amount of the joint costs allocable to A before the changes are made to the existing production process
the following informationis available for leno companysales 695000goods available 535000ending
Cosby uses a weighted-average process costing system. The cost of the ending work in process is
boswell plumbing products produces a variety of valves connectors and fixtures used in commercial and residential
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Why would it be desirable to switch from an S corporation to C corporation once the business is growing fast? The response must be typed.
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