Go to the website ir.cedarfair.com and click on Investor Information to locate SEC Filings. Download Cedar Fair,
Question:
Go to the website ir.cedarfair.com and click on “Investor Information” to locate “SEC Filings.” Download Cedar Fair, L.P.’s annual report on Form 10-K filed with the SEC on 02/19/2021.
Review the financial statements and the accompanying notes contained in this annual report, especially any that discuss the partnership form of organization.
Assume that an investor is considering investing in this partnership and has downloaded this report for analysis.
Required
1. Briefly describe Cedar Fair’s business and major properties.
2. Summarize the major differences that exist between Cedar Fair’s financial statements and those of a corporation.
3. Assume that the investor is not aware of the potential implications of investing in a partnership rather than a corporation. What information is available in Cedar Fair’s annual report that relates to unique characteristics of investing in a partnership?
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1 Cedar Fair LP is one of the largest regional amusement park operators in the world with 13 properties in our portfolio consisting of amusement parks ...View the full answer
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