Answer:
The journal entry to record depletion is :
Debit : Depletion Expense $74,235
Credit : Accumulated Depletion $74,235
Explanation:
<em>Depletion Expense = Depletion rate × units extracted during the year</em>
where,
<em>Depletion rate = (Cost - Salvage Value) ÷ Estimated total units</em>
Therefore,
Depletion rate = ($404,000 + $101,000 + $80,800 - $161,600) ÷ 4,040 tons
= $ 105 per ton
Therefore,
Depletion Expense = $ 105 per ton × 707 tons
= $74,235
<u>Journal Entry :</u>
Debit : Depletion Expense $74,235
Credit : Accumulated Depletion $74,235
Answer:
Open
Explanation:
Open shop arrangement is the term which is defined or described as the office, factory or other kind of business establishment in which the union, which is selected or elected through a majority of the employees, that later act as the representative of all the employees while making the agreements with the employer.
So, in this case, the Hector is against the or opposed ton unions. Therefore, the comments of the Hector states that he is in favor of an open shop arrangement.
Answer:
C. Pro Forma Income statement
Explanation:
Pro forma income statement is an estimated income statement. It is a projected income statement created by organizations aimed at preparing both forecast income which is money they hope to recieve and forecast expenditures which are money they expect to spend with considerations of various conditions like market, competition and so on for an estimated period. They are income statements that shows "what ifs" rather than the real income statement. By predicting sales level and so on, Mariana prepare a pro forma income statement.
There is a deadline specified in the stock option agreement by which you must exercise your options or they will expire (typically 10 years). An option will automatically convert to long or short shares of stock in the underlying if it expires in-the-money.
<h3>What is stock options?</h3>
- One type of payment is stock options. Employees, independent contractors, consultants, and investors may be granted them by businesses. These contracts, or options, provide employees the right to purchase or exercise a predetermined number of shares of company stock at a defined price, or the grant price.
- a business that doesn't have any securities on the market that could potentially reduce EPS. Shares Transfers, Stock Options, Stock Warrants, Restricted Stock, Restricted Stock Units, Phantom Stock Plans, Stock Appreciation Rights, and other awards with values based on the value of specified stock are examples of equity-based remuneration.
To learn more about stock options refer to:
brainly.com/question/25693765
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The answer is "true" hopefully this helped
