Cedar Fair, L.P. is a Delaware limited partnership that began operations in 1983. The partnership is a

Question:

Cedar Fair, L.P. is a Delaware limited partnership that began operations in 1983. The partnership is a regional amusement park operator that owns 11 amusement parks, three outdoor water parks, one indoor water park, and five hotels. The partnership is publicly traded and listed on The New York Stock Exchange under the symbol FUN. (You can find Cedar Fair's annual report for 2015 at https://www.sec.gov/Archives/edgar/data/811532/000081153216000223/0000811532- 16-000223-index.htm)

Requirements

1. What is the name of the CPA firm that audited Cedar Fair, L.P. in 2015?

2. Give a reason why you think the partners may have chosen the limited partnership form of business.

3. Could you be a stakeholder in Cedar Fair? How? What would your stake be called?

4. How much did Cedar Fair earn for each limited partner unit for the year ended December 31, 2015?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...