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This excerpt taken from the ACI 10-K filed Mar 1, 2010. Prepaid
Royalties
Leased mineral rights are often acquired through royalty
payments. Where royalty payments represent prepayments
recoupable against future production, they are recorded as a
prepaid asset, with amounts expected to be recouped within one
year classified as current. As royalties are recouped by mining
the coal reserves under these leases, the prepayment is charged
to cost of coal sales.
These excerpts taken from the ACI 10-K filed Feb 27, 2009. Prepaid
Royalties
Rights to leased coal lands are often acquired through royalty
payments. Where royalty payments represent prepayments
recoupable against future production, they are recorded as a
prepaid asset, with amounts expected
Table of Contents
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
to be recouped within one year classified as current. As mining
occurs on these leases, the prepayment is charged to cost of
coal sales.
Prepaid Royalties Rights to leased coal lands are often acquired through royalty payments. Where royalty payments represent prepayments recoupable against future production, they are recorded as a prepaid asset, with amounts expected
Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) to be recouped within one year classified as current. As mining occurs on these leases, the prepayment is charged to cost of coal sales. These excerpts taken from the ACI 10-K filed Feb 29, 2008. Prepaid
Royalties
Rights to leased coal lands are often acquired through royalty
payments. Where royalty payments represent prepayments
recoupable against future production, they are recorded as a
prepaid asset, with amounts expected to be recouped within one
year classified as current. As mining occurs on these leases,
the prepayment is charged to cost of coal sales.
Prepaid Royalties Rights to leased coal lands are often acquired through royalty payments. Where royalty payments represent prepayments recoupable against future production, they are recorded as a prepaid asset, with amounts expected to be recouped within one year classified as current. As mining occurs on these leases, the prepayment is charged to cost of coal sales. This excerpt taken from the ACI 10-K filed Mar 1, 2007. Prepaid
Royalties |
Rights to leased coal lands are often acquired through royalty
payments. Where royalty payments represent prepayments
recoupable against production, they are recorded as a prepaid
asset, and amounts expected to be recouped within one year are
classified as a current asset. As mining occurs on these leases,
the prepayment is charged to cost of coal sales.
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