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ikadub [295]
3 years ago
9

The accumulated depletion of a natural resource is reported on the a.income statement as an increase in revenue b.balance sheet

as depreciation from the cost of the resource c.balance sheet as a deduction from the cost of the resource d.income statement as a deduction from revenues
Business
1 answer:
nalin [4]3 years ago
5 0

Answer:

c. balance sheet as a deduction from the cost of the resource

Explanation:

As we know that

The depreciation expense is to be charged on the fixed assets i.e building account, plant & machinery account, equipment account, furniture fixtures accounts, etc

Whereas the accumulated depletion is charged on the natural resources i.e minerals, coals, etc

It is shown in the asset side of the balance sheet

Asset side

Natural resource                       XXXXX

Less: Accumulated depletion  (XXXXX)

The Net balance of natural resource XXXXX

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True or False:
rusak2 [61]

Answer:

Check the explanation

Explanation:

Efficient market theory states that the security price reflects all the available information of the market. It means there is no reason to believe that prices are incorrect.  

Thus, the given statement is false.  

The past data is not useful for decision making. Information of past trends may not help the investor to earn abnormal returns.  

The statement is consistent with weak form efficiency as current price reflects the past price movements.  

Thus, the statement belongs to weak form efficiency.  

The stock price will increase and settle at a new equilibrium level.  

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erik [133]

Answer:

$471,000.

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2 years ago
The graphic would indicate a market that is
olasank [31]

Answer:

yes it would

Explanation:

6 0
2 years ago
In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction mu
adell [148]

Answer:

Correct option is (B)

Explanation:

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If there is an increase in assets, there has to be a subsequent increase in either liability or stockholder's equity.

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For example Depreciation for the year is $2,000. Depreciation expense account is debited by $2,000 and accumulated depreciation account is credited by $2,000.

Since Sandra recognizes that an effect on asset will have a simultaneous effect on either liability or equity, she is following double entry bookkeeping.

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3 years ago
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kobusy [5.1K]

Answer:

interdependent person and situation factors.

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