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Western Carolina Coal Co. expects to produce 125,000 tons of coal annually for 15 years. The deposit cost $3M to acquire; the annual gross revenues are expected to be $9.50 per ton, and the net revenues are expected to be $4.25 per ton.
a) Compute the annual depletion on a cost basis.
b) Compute the annual depletion on a percentage basis.
How much cost, in total, would be allocated to the Business Development activity cost pool - how much cost, in total, would be allocated to the Other activity cost pool?
On January 1, 2013, M Company granted 94,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2015, and expire on January 1, 2019. Each option can be exercised to acquire one share of $1 par common stock fo..
Define and explain the meaning of 'control' in the context of business combinations and explain the importance of determining the acquirer and acquisition date in accounting for business combinations
peoria corp. just completed another successful year as indicated by the following income statementfor the year
Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Prepare a cash budget for September, October, and November for Apache Arts Company. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required.
2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash
Assist Jack in his decision, prepare an analysis to compare the alternative given above. 25,000 bottles are needed each year. should the company buy or make the bottles? explain why?
prepare the journal entry to record pension expense, gains or losses, prior service cost, funding, and payment of benefits for 2011. what amount will electronic distribution report in its 2011 balance sheet as a net pension asset or net pension liab..
Albertville Inc produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 1.3 hours of unskilled labor (paid $8 per hour) and 2.2 hours of skill..
Analyze each company's history, product/services, major customers, major suppliers, and leadership, and provide a synopsis of each company - prepare a report to summarize your findings on the financial health of each company.
Create in good form, a comparative income statement, beginning with income from operations, for Melton Corporation for the fiscal years ended.
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