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
<u>ISO standards</u> ensure that goods produced in one country will meet the requirements of buyers in another country.
The International Organization for Standardization (ISO), is a non-governmental organization which comprises standards bodies from more than 160 countries, with one standards body representing each member country.
ISO standards provide a strong basis for the development of national and international regulation, helps in saving time and reduce barriers to international trade. International Standards mean that consumers can have confidence that the products are reliable and of good quality.
Hence, through the ISO standards the requirements of buyers are met in another country.
To learn more about ISO standards here:
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Answer:
Acculturation
Explanation:
Acculturation refers to the change which occurs in response to the assimilation of the two cultures. The change can be social, psychological or cultural. This involves the adoption and incorporation of new values from the new culture. The more prevalent culture dominates the adoption of the culture. The new culture is adopted, practiced and participated in.
currency? or money. It seems quite vague. Each country calls its currency in various ways.
<span>If a buyer is concerned about environmental issues, they should look into a promulgated contract. The lawyer would then deal with any issues, legality driven, on behalf of the buyer. It is always a good idea to have help when it is needed, and a lawyer would most certainly be of some.</span>