Many States Are Either Starting to or Are in the Process

question 95

True/False

Many states are either starting to or are in the process of expanding the types of services subject to sales tax.

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Definitions:

Proved Reserves

Located quantities of natural resources, such as oil or gas, that can be recovered in the future with high certainty under existing economic and operational conditions.

Natural Resources

Raw materials and environmental attributes derived from nature that are used in the production of goods and services.

Proved Reserves

Proved reserves are quantities of natural resources, such as oil or natural gas, which have been discovered and are considered recoverable under current economic and operational conditions.

Petroleum

A naturally occurring liquid found beneath the Earth's surface that can be refined into fuel and other products.