What Is a Problem with Natural Gas

question 121

Multiple Choice

What is a problem with natural gas?

• A) It occurs in equal amounts everywhere in the globe (and is therefore too cheap to trade).
• B) It is expensive to transport by sea.
• C) Only a small amount is captured from wells, while much is wasted to leakage.
• D) It requires highly advanced technology to separate helium from what can be consumed.
• E) All reserves of it are in the Middle East.

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Definitions:

Carryforward

A tax policy that allows individuals or companies to apply current year’s unused deductions or credits to future tax years.

Corporation

A legal entity that is separate from its owners, having its own rights and obligations, and is able to own assets, incur liabilities, and sell securities.

Tax Rates Change

Adjustments made by the government to the percentage at which income, corporate profits, or other bases are taxed, which may affect individuals, corporations, and valuation of investments.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.