ACCOUNTING W/WILEYPLUS NEXGEN >LL<
ACCOUNTING W/WILEYPLUS NEXGEN >LL<
7th Edition
ISBN: 9781119494904
Author: Kimmel
Publisher: WILEY
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Chapter 12, Problem 3AP
To determine

Prepare the operating activities section of statement of cash flows for the year ended November 30, 2017 under indirect method.

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Ultra Core Mining Ltd. acquired mineral rights for $48,000,000. The mineral deposit is estimated at 32,000,000 tons. During the current year, 5,000,000 tons were mined and sold. Determine the amount of depletion expense for the current year.
Please help me solve this general accounting question using the right accounting principles.
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