Answer:
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Definition - To make your business grown larger or faster by diversifying your current product line
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Answer:
C. Pro forma statements
Explanation:
Pro forma financial statements are similar to historical financial statements in appearance and use, except that they focus on the future instead of the past and are based upon assumptions rather than hard fact.
Pro forma statements allow management to exercise a certain amount of creativity and flexibility.
It helps management in decision making.
Answer:
depletion expense 103,560
Explanation:
The first step, is to calculate the rate per ton
coal mine 1,001,000
coal reserve 58,000
We divide the total coal reserve for the mine cost.
depletion rate 1.001.000/58.000 = 17,2586 = 17.26
Then we multiply bythe tons extracted for the period
depletion for the first year 6,000 tonds x 17.26 per ton = 103,560
This will be the depletion expense for the year.