Which of the following best describes the advantages of an oil and gas income program as compared with other types of oil and gas programs?
A) No depletion allowances.
B) Lowest risk of capital.
C) Highest tax write-off.
D) Greatest risk of capital.
Answer: B) Lowest risk of capital.
You might also like to view...
According to the VALS segmentation framework, consumers primarily motivated by ideals are guided by ________
A) knowledge B) social activity C) products that demonstrate success to their peers D) variety E) risk
Article 4A of the Uniform Commercial Code establishes the ________
A) requirements for negotiable instruments, such as checks B) rules and principles that regulate bank deposit and collection procedures for checking accounts offered by commercial banks C) rules that regulate the creation and collection of and liability for wire transfers D) guidelines for ownership of securities by investors