Question: . . Please submit this paper with your answers in a different colored font. You will evaluate the SMOG disclosures for an upstream public company

 . . Please submit this paper with your answers in a

. . Please submit this paper with your answers in a different colored font. You will evaluate the SMOG disclosures for an upstream public company of your choice, for the most recent year that a 10K has been filed. The company's SMOG disclosures will be included in the supplemental information section of its 10K. Use your insights from the first reserves video and from the reading on Part 1 of this assignment to help you on the following section. Chapter 29 pages 528 to 530, and page 532 from "SMOG Computation Example up to page 535, up to "Computing SMOG Changes" from the PwC Book may also be helpful. . Address the following points based on your selected company's financial statements. Use the book to help you decipher your chosen company's SMOG disclosure and its description. a. How did the company calculate the price used to value reserves? b. Discuss the trend in volumes reported for reserves (le, did reserves volumes increase/decrease; what does the company say caused the change in volume?) c. List all the costs the company includes in the SMOG calculation. Describe how the company calculates or determines each cost based on the discussion they provide in the annual report. d. How did the company determine the tax rate used for SMOG? e. What discount rate did the company use to calculate present value? Why? . . Please submit this paper with your answers in a different colored font. You will evaluate the SMOG disclosures for an upstream public company of your choice, for the most recent year that a 10K has been filed. The company's SMOG disclosures will be included in the supplemental information section of its 10K. Use your insights from the first reserves video and from the reading on Part 1 of this assignment to help you on the following section. Chapter 29 pages 528 to 530, and page 532 from "SMOG Computation Example up to page 535, up to "Computing SMOG Changes" from the PwC Book may also be helpful. . Address the following points based on your selected company's financial statements. Use the book to help you decipher your chosen company's SMOG disclosure and its description. a. How did the company calculate the price used to value reserves? b. Discuss the trend in volumes reported for reserves (le, did reserves volumes increase/decrease; what does the company say caused the change in volume?) c. List all the costs the company includes in the SMOG calculation. Describe how the company calculates or determines each cost based on the discussion they provide in the annual report. d. How did the company determine the tax rate used for SMOG? e. What discount rate did the company use to calculate present value? Why

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