Question 10 Four comparses in adacet leases that share a coeumon reservok. The companies each have...
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Question 10 Four comparses in adacet leases that share a coeumon reservok. The companies each have a 100% working interest in their respective leases, in which they have the following investment Company IDC L&WE Leasehold Total A $50,000 $30,000 $10,000 B 150,000 75,000 $ 90,000 20,000 245.000 C 100,000 40.000 15,000 D 0 $300,000 0 $145,000 25,000 $70,000 155,000 25.000 $515,000 The companies decided to unitive in order to obtain improved operating efficiency. Following negotiations by engineers, geologists, and others, the following participation factors and market values were agreed upon: Company IDC LEWE Participation Total Total A 570.000 $25,000 $95.000 40% B 130,000 90,000 220,000 20% C 115.000 50,000 165.000 10% D 0 0 30% $315,000 $165,000 $480,000 100% How much cash will Company Breceive or pay? Use $ and a comma as thousands separator. If the company will pay cash, place parentheses around your answer. No spaces. Example: ($1,000) indicates that the company will pay $1,000. Question 10 Four comparses in adacet leases that share a coeumon reservok. The companies each have a 100% working interest in their respective leases, in which they have the following investment Company IDC L&WE Leasehold Total A $50,000 $30,000 $10,000 B 150,000 75,000 $ 90,000 20,000 245.000 C 100,000 40.000 15,000 D 0 $300,000 0 $145,000 25,000 $70,000 155,000 25.000 $515,000 The companies decided to unitive in order to obtain improved operating efficiency. Following negotiations by engineers, geologists, and others, the following participation factors and market values were agreed upon: Company IDC LEWE Participation Total Total A 570.000 $25,000 $95.000 40% B 130,000 90,000 220,000 20% C 115.000 50,000 165.000 10% D 0 0 30% $315,000 $165,000 $480,000 100% How much cash will Company Breceive or pay? Use $ and a comma as thousands separator. If the company will pay cash, place parentheses around your answer. No spaces. Example: ($1,000) indicates that the company will pay $1,000.
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