Oil and Gas: Required 1) Where would you present Supplemental Oil and Gas Disclosures in...
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Accounting
Oil and Gas:
Required 1) Where would you present Supplemental Oil and Gas Disclosures in an Annual Report on Form 10-K?
Required 2) Why is the information referred to as "supplemental" information?
3. Which disclosures are not supplemental?
| SMOG disclosures | ||
| Evaluation of exploratory well costs | ||
| Costs incurred in oil and gas producing operations | ||
| Proved oil and gas reserve information | ||
| All of these are supplemental |
Required 1) Does the standardized measure reflect the fair value of a company's proved reserves?
Required 2) Why or why not?
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