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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 15
Hostetler Energy owns 70%, Challenger Company owns 20%, and Hill Oil Company
owns 10% of the working interest property 1004. Assume Hostetler Energy is the
operator and incurs the following costs during the month of September 2013, in
connection with the property:
REqUIRED: Give the entries to record and distribute the costs, assuming regular
accounts are used.
owns 10% of the working interest property 1004. Assume Hostetler Energy is the
operator and incurs the following costs during the month of September 2013, in
connection with the property:
REqUIRED: Give the entries to record and distribute the costs, assuming regularaccounts are used.
Explanation
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H energy is the operator and incurs the ...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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