Identify ALL choices that correctly complete the statement or answer the questio

Question

Identify ALL choices that correctly complete the statement or answer the question. Enter your answers on page 5 of the answer sheets by entering an "X" in the appropriate space. Which of the following are direct operating expenses for gas wells? Combined fixed rate charges Keep-whole processing charges Gathering/compression charges Workover rig service charges Which of the following economic evaluation methods take into account the time value of money? Discounted cash flow rate of return Inflation-adjusted accounting rate of return Internal rate of return Undiscounted cash payback periods The costs of drilling a dry hole are Always capitalized under the full-cost method of accounting Always deductible for United States income tax purposes Always recorded in exploration expense under the successful-efforts method of accounting Always recoverable from the farm or under the terms of a farm out agreement A publicly-held company is required to disclose in its financial statements Its proved reserve quantities by geographic area Its costs for property acquisition, exploration, and development activities Its operating results for its production activities Its projected cash flows based on its proved reserves Which of the following arrangements can be used to lock in the price of a commodity six months from today? A contract specifying the spot price A forward contract A futures contract An option

Explanation / Answer

c a d c b

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