Question: Which statement is false? Which statement is false? FASB prefers oil and gas companies to use the Full Cost Method.. Balance sheet wise, Full Cost

Which statement is false? Which statement is false? FASB prefers oil and gas companies to use the Full Cost Method.. Balance sheet wise, Full Cost companies have better looking statements than SE. The amortization base for a SE company is amortized by proven property. For tax purposes, domestic G&G costs are capitalized and amortized. All are true

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