Cooper Power Company nominates to have 80,000 MMBtu delivered in May, but only provides 70,000 MMBtu at
Question:
Cooper Power Company nominates to have 80,000 MMBtu delivered in May, but only provides 70,000 MMBtu at the receipt point. Grant Pipeline delivers 80,000 MMBtu.
REQUIRED:
If the fuel component is ignored, what net asset or liability value should Grant Pipeline record?
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Related Book For 
Fundamentals Of Oil And Gas Accounting
ISBN: 9780878147939
4th Edition
Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson
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