The answer is mutual funds; stocks; bonds
Answer:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
Explanation:
The journal entry is shown below:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
For recording this we debited the inventory as it increased the assets and credited the accumulated depletion as it decreased the assets
The computation is shown below:
= (Cost of coal mine + intangible development cost + estimated fair value of the obligation - sales value) ÷ (extracted estimated tons) × (extracted tons for the first year)
= ($420,000 + $105,000 + $84,000 - $168,000) ÷ (4,200 tons) × (735 tons)
= $77,175
D -it's trying to get you to call so it's a call to action
Answer:
Short-run aggregate supply (SRAS)
Explanation:
Suppose that the economy is in long-run equilibrium. A sudden shift in the short-run aggregate supply curve will eventually result in a new long-run equilibrium where the price level is exactly the same as it was initially.