On january 1 ten years ago, andrew co. created a subsidiary for the purpose of buying an oil tanker depot at a cost of $1,500,000. andrew expected to operate the depot for ten years, at which time it is legally required to dismantle the depot and remove underground storage tanks. it was estimated that it would cost $150,000 to dismantle the depot and remove the tanks at the end of the depot’s useful life. however, the actual cost to demolish and dismantle the depot and remove the tanks in the tenth year is $155,000what amount of expense should andrew recognize in its financial statements in year 10?
a. $150,000 expense.
b. $5,000 expense.
c. $155,000 expense.
d. none, recognized in prior years.

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget