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Question - Blossom Mining Company purchased a mine for $65 million, which is estimated to have 220,000 tons of ore and a salvage value of $10 million.
In the first year, 50,000 tons of ore are extracted and sold.
In the second year, 145,000 tons of ore are extracted but only 120,000 tons are sold.
Prepare the journal entry to record depletion for the first year.
What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock
In January, a consulting company by the name of Harper Sisters Inc. engaged in the transactions shown below. Please record journal entries in proper form
equipment costing 20000 with a salvage value of 4000 and an estimated life of 8 years has been depreciated using the
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i sell tax services to corporations. i sign a new clientto a one-year contract. this new client is my largest client
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Identify the entities for AIS. Accounting Information System (AIS) takes and process data and figures from financial records to provide information
Sino-woodworks Ethiopia Ltd makes office furniture from fine hardwoods. The company uses a job-order costing system and predetermined overhead rates to apply manufacturing overhead cost to jobs.
The amount of the claim is material and the company had not previously recorded a liability. What kind of subsequent event is this
Your firm's total annual fee income from all its clients is expected to be RM16.2 million for the year ending 31 December 2021. Determine any actions firm take
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cyclone rentals borrowed 15550 from a bank for three years. if the quoted rate apr is 8.83 percent and the compounding
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