Answer:
depletion of the timber tract = $228,000 and 
depreciation of the logging roads = $22,800
Explanation:
Timber tract
Depletion rate = (Cost - Residual Value) ÷ Estimated units
                         = ($2,950,000 - $670,000) ÷ 5,700,000
                         = $0.40
Depletion expense = Units used x Depletion rate
                                 = 570,000 x $0.40
                                 = $228,000
Logging Roads
Depreciation rate  = (Cost - Residual Value) ÷ Estimated units
                                = ($228,000 - $0) ÷ 5,700,000
                                = $0.04
Depreciation expense = Units used x Depreciation rate
                                      = 570,000 x $0.04
                                      = $22,800
 
        
             
        
        
        
Answer:
TRUE
Explanation:
According to Mike Peng and his book "Global Business", these indicators help to identify problems such as: principal-principal conflicts (problems between controlling shareholders and minority shareholders), expropriation and tunneling ( when managers from the controlling family divert resources for personal use or family use). 
 
        
             
        
        
        
A. is the only appropriate answer.
        
                    
             
        
        
        
Answer:
Explanation:
The journal entries are shown below:
On September 9
 Petty cash A/c Dr $350
      To Cash A/c            $350
(Being fund is established)
On September 30
Merchandise inventory A/c Dr $40
Postage expense A/c Dr $123
Miscellaneous expenses A/c Dr $80
Cash shortage A/c Dr $3
       To Cash A/c        $246
(Being fund is reimbursed)
 On October 1 
 Petty cash A/c Dr $50              ($400 - $350)
      To Cash A/c            $50
(Being fund is increased by $50)