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- Title
ACCOUNTING CASES.
- Authors
Fisher, Allan
- Abstract
While other cases in the journal "The Accounting Review," have considered the matter of depletion policy, an entirely different viewpoint is expressed in a prospectus recently issued by the Inspiration Consolidated Copper Company. This company's case is about net income without deduction for depletion and control through minority stock ownership. The latter company was incorporated in Maine, on December 18, 1911, to own, operate, and develop mines, water rights, waterpower, mineral and other lands, and to own and operate mills, power plants, reduction works, and railways. The company started commercial operations in June, 1915, and continued such operations until May, 1932,when the depression necessitated a shutdown of slightly more than three years, although sales and deliveries of copper on hand were continued. On September 18, 1935, plant operations were resumed. The company produces electrolytic copper, cement copper, and copper concentrates. The ultimate smelting and refining of much of this copper is done in plants of the International Smelting and Refining Company, a subsidiary of the Anaconda Copper Mining Company.
- Subjects
UNITED States; ACCOUNTING; ACCOUNTING Review, The (Periodical); CORPORATE accounting; CASE studies; COPPER industry; DEPLETION allowances; STOCK ownership; ANACONDA Copper Mining Co.
- Publication
Accounting Review, 1940, Vol 15, Issue 2, p261
- ISSN
0001-4826
- Publication type
Article