Advanced Accounting |
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Page 388
... depletion chargeable to production for the year is $ 68,670 . Appropriate entries are as follows : ( 1 ) Depletion ( or Material Cost of Product ) Óre Account - Allowance for Depletion To record depletion of ore through operations of ...
... depletion chargeable to production for the year is $ 68,670 . Appropriate entries are as follows : ( 1 ) Depletion ( or Material Cost of Product ) Óre Account - Allowance for Depletion To record depletion of ore through operations of ...
Page 391
... Depletion and Interest . The output method of calculating depletion may be objected to on the ground that it ignores the factor of interest and hence gives results that are not in harmony with the process by which the value of a wasting ...
... Depletion and Interest . The output method of calculating depletion may be objected to on the ground that it ignores the factor of interest and hence gives results that are not in harmony with the process by which the value of a wasting ...
Page 396
... depletion : ( 1 ) in physical terms ; ( 2 ) as a valuation process . Contrast depletion and depreciation . 7. How do you account for the willingness of concerns in extractive lines to omit depletion from operating charges ? 8. " In a ...
... depletion : ( 1 ) in physical terms ; ( 2 ) as a valuation process . Contrast depletion and depreciation . 7. How do you account for the willingness of concerns in extractive lines to omit depletion from operating charges ? 8. " In a ...
Common terms and phrases
Accounts Payable accounts receivable accrued depreciation accumulation acquired actual adjustment amortization amount applicable appraisal appropriate assumed balance sheet basis book value capital stock capital surplus cash Chapter common stock computed contract corporation cost of sales current assets current liabilities December 31 deductions depletion discount discussion dividends earned surplus earning power effect enterprise entries equipment estimated example expenses first-out funds illustration income sheet income statement incurred intangible inventory investment investor issue last-in less loss market value ment merchandise method no-par stock outstanding paid par value particular payable payment period plant account plant assets preferred stock premium procedure production profit purchase realized received record replacement cost represents reserve result retirement revenues schedule securities selling shares statement stock equity stockholders taxes tion transaction treasury treasury stock treatment unit valuation XXX XXX XXX