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Oil and Gas: Match the following disclosure items to the correct category. ...

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Question

Accounting

Oil and Gas:

Match the following disclosure items to the correct category.

a.

supplemental
b.

required
c.

neither required or supplemental

1. How capitalized costs will eventually be disposed of in the financial statements.

2. Results of operations for oil and gas producing activities.

3. The method used in accounting for oil and gas activities.

4. Proved reserve quantities.

5. Capitalized costs relating to oil and gas producing activities.

6. Detailed information about the capitalization of exploratory well costs.

7. Costs incurred for property acquisition, exploration and development activities.

8. Changes in the standardized measure of discounted future net cash flows.

9. A standardized measure of discounted future net cash flows related to proved reserves.

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