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Question 14 Not yet answered Rojas Company purchased for $560,000 a mine estimated to contain 2 million tons of ore.the company paid for drilling 20,000$

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Question 14 Not yet answered Rojas Company purchased for $560,000 a mine estimated to contain 2 million tons of ore.the company paid for drilling 20,000$ and it expects to pay 20,000 as restoration cost during 2015 the company extracted 500,000 tons and sold 200,000.the amount of inventory at the end of 2015 will be Marked out of 1.00 Flag question Select one: a. 540,000 b. 150,000 C. 60,000 d. 90,000 Question 15 Interest revenue earned on specific borrowings for qualifying assets Not yet answered Marked out of 1.00 Select one: a. reduces interest expense reported on the income statement. b. None of these answer choices are correct. C. increases equity in the period earned. d. reduces the cost of the qualifying asset. P Flag question O

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