On march 1, 2018, shipley resources entered into an agreement with the state of alaska to obtain the rights to operate a mineral mine for $6 million. the mine is expected to produce 100,000 tons of mineral. as part of the agreement, shipley agrees to restore the land to its original condition after mining operations are completed in approximately five years. management has provided the following possible outflows for the restoration costs that will occur five years from now:

cash outflow

probability

$

300,000

25

%

400,000

50

%

500,000

25

%

shipley's credit-adjusted risk-free interest rate is 10%. during 2018, shipley extracted 18,000 tons of ore from the mine. how much accretion expense will the company record in its income statement for the 2018 fiscal year?

a) $30,326.

b) $20,697.

c) $24,837.

d) $27,294.

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

What cylinder head operation is the technician performing in this figure?

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.