ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LIFTING & OPERATING EXPENSE Definition
LIFTING & OPERATING EXPENSE (LOE), in the oil/energy industry, within any accounting period, it is all cash costs incurred in connection with the running and maintenance of production wells.
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TOTAL CURRENT ASSETS is total of cash & equivalents, trade receivables, inventory and all other current assets.
FOOT A COLUMN is to add a column of numbers. To test footing is to add the column again to check accuracy.