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Recyclers, Inc

question 105

Multiple Choice

Recyclers, Inc. reprocesses paper and obtains 2 main products: a by-product and a waste. By-product revenues are treated as a reduction in joint costs. During the period 1,000 tons were processed at a cost of $12,000 for materials and processing, resulting in the following: Sales Value Separable Sales Value After
Product Tons at Split-Off Costs Further Processing
Main-1 200 $4,000 $2,000 $10,000
Main-2 400 5,000 6,000 12,000
By-product 300 2,000 -0- 2,000
Waste 100 -0- -0- -0-
If the firm allocates joint costs to the main products using the net realizable value, how much will be allocated to Main-1?

Describe the structural features that can form in association with faults, including folds, cleavage, and shear zones.

Understand the effects of stress and strain on rock deformation and the development of metamorphic structures.

Identify common metamorphic processes and their resulting textures and fabrics in rocks.

Understand how metamorphism is related to geological structures such as folds, thrust belts, and mid-ocean ridges.

Definitions:

Net Cash

The amount of cash after subtracting cash outflows from cash inflows.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Noncurrent Asset

Long-term assets that are not expected to be converted into cash or used up within one year or the operating cycle, such as buildings or equipment.

Noncash Activities

Transactions that do not involve the direct inflow or outflow of cash, affecting non-cash balance sheet accounts.