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Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031 Exercise 12
Sauer Energy purchased land in fee for $100,000. The fair market values of the surface
and mineral rights were determined by a qualified appraiser as follows:
Prepare a journal entry to record the purchase.
and mineral rights were determined by a qualified appraiser as follows:
Prepare a journal entry to record the purchase.Explanation
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S Energy purchased land in fee for $100,...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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