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Problem - On December 29, 2011 Exxon Mobil encounters a major oil spill in connection with their oil rig off of the coast of Alabama. Exxon believes that it is probable that they will need to pay a significant amount in damages and fees, but they are not able to reasonably estimate the amount. On February 15, 2012, Exxon Mobil files their financial statements with the SEC. On March 15, 2012, Exxon Mobil settles all oil spill related lawsuits for $24 Billion cash. What journal entry will Exxon Mobil record on March 15, 2012?
Calculate what is the company's weighted average cost of capital. Use the dividend discount model. Show calculations in Microsoft Word.
DISCUSSION ACTIVITY, Define the four categories of employment income, providing an example (other than regular pay) for each category
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Prior to the? loss, her home was valued at ?$418,000?, Find the amount of total losses and expenses she will be reimbursed if she has a? $1,000 deductible
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Accounts Payable $3,358 Salaries and Wages Expense $18,467 and Cash 7,275 Notes Payable 27,980. Determine the total assets of Crane Company at December
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