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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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