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Preparing financial statements can seem intimidating, but it doesn’t have to be an overwhelming process. We’ve broken down the steps for preparing an income statement, as well as some helpful tips. Net income—or loss—is what is left over after all revenues and expenses have been accounted for. If there is [...]
In some instances, a company’s management may initiate new policies to prevent the recurrence of actions that led to losses through litigation. The above conflict produced unsettled and conflicting accounting practices concerning non-operating items. Recognition in the second case may involve allocation among the periods either based on observed revenue [...]
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Land rehabilitation is important after strip mining, given its direct effect on the soil and vegetation of the environment. Erosion is the most common problem that takes place at surface mines, where thousands of acres of fertile habitats for animals to survive and land to grow plants won’t be restored [...]
The object of blasting is to fragment the rock and then displace it into a pile that will facilitate its loading and transport. In large open pits the main implements for loading are electric, diesel-electric, or hydraulic shovels, while electric or mechanical-drive trucks are used for transport. The size of [...]
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