User Account

All Pages

What the inventory balance on december

Assignment Help Accounting Basics
Reference no: EM133144209

Question - In January 2020, Company A leased a mineral mine for $3,550,000 with removable ore estimated by geological surveys at 2,500,000 tons. Company A incurred $1, 150,000 of intangible development costs preparing the property for the extraction of ore. The present value of the cost of restoring the mine is estimated to be $250,000. During 2020, 340,000 tons were removed and 300,000 tons were sold. What the inventory/depletion balance on December 31, 2020 after the all the sales for the year are recorded?

Reference no: EM133144209

Questions Cloud

Create an engaged workforce in organizations : Explain what "employee engagement" is and discuss FOUR (4) strategies to create an engaged workforce in organizations.
What organizations can do to help reduce employee turnover : Discuss what organizations can do to help reduce employee turnover.
What are the drawbacks of preparing a business plan : What are the drawbacks of preparing a business plan and a budget without engaging employees throughout the organization
Do the leadership?skills and behaviors?identified : For this discussion, refer to the adaptive leadership toolkit. Effective leaders collaborate with others, as multiple inputs result in better outcomes.
What the inventory balance on december : During 2020, 340,000 tons were removed and 300,000 tons were sold. What the inventory/depletion balance on December 31, 2020
Disorder in administrative systems : Which of the following will be used when exchanging information about a disorder in administrative systems?
Difference between a stock and a broth : 1. What are the difference between a stock and a broth?
What the budgeted overhead recovery rate for january : The budget for January is that 10,000 direct labour hours will be worked. What the budgeted overhead recovery rate for January
Stage of team development : Surinder is a new marketing graduate working for a large multinational company that has numerous well-known global brands. The company is working on a product l

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the companys interest expense for the second year

What is the company's interest expense for the second year? How would the note payable appear on the company's balance sheet at the end of the first year?

  Prepare all the journal entries that mars corporation make

INSTRUCTIONS: Prepare all the journal entries that Mars Corporation would make related to this bond issue through January 1, 2015

  How much should Cromwell record as a realized gain or loss

How much should Cromwell record as a realized gain or loss in its determination of net income for 2023

  Long-term debt adjustments for gwfss

(Long-term debt adjustments for government-wide financial statements(GWFSs)) Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000.

  What is the stock price

BMM Industries pays a dividend of $1.20 per quarter. The dividend yield on its stock is reported at 4.00%. What is the stock price

  Calculate the cash received from customers

The 2021 balance sheet showed customers owned the business $6 700 from credit sales. Calculate the cash received from customers

  Prepare an acquisition analysis at july

On 1 July 2019, Allenby Ltd acquired all the shares of Gardens Ltd on a cum-div. basis for $142,200 cash. Prepare an acquisition analysis at July

  Define sociological term structural mobility and life chance

Write an essay expressing your opinion about social mobility and the American DreamAmerican Dream. Explain the sociological terms structural mobility.

  How much was the gain or loss experienced

In the final analysis, how much was the gain or loss experienced by Hurst in reacquiring its 8% bonds. Show calculations

  What will be the effect on total stockholders equity

A corporation purchases 9,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be effect on total stockholders' equity

  Discuss why it is necessary for accountants to assume that

discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity

  What the maximum additional amount the shareholders be

Tent Ltd issued 15 000 shares, What the maximum additional amount the shareholders can be asked to contribute if the company cannot pay its debts is

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd