When reviewing the financial statements of oil and gas, Finance Basics

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When reviewing the financial statements of oil and gas

1. Some industries described in this chapter are controlled by federal regulatory agencies. How does this affect their accounting systems?

2. When reviewing the financial statements of oil and gas companies, why is it important to note the method of costing (expensing) exploration and production costs?

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Finance Basics: When reviewing the financial statements of oil and gas

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