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

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?

Step by Step Solution

★★★★★

3.49 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Deloitte Touche LLP is the accounting firm that performed the audit of Cedar Fair LP ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1390-B-M-A-S-O-C-F(4647).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

3 3.33 points eBook Exercise 7-7 (Static) Transfer of Land LO 7-4 Paste Corporation owns 70 percent of Stick Corporation's voting common stock. On March 12, 20X2, Stick sold land it had purchased for...

Fadal Machining Centers, LLC, and MAG Industrial Automation Centers, LLC, sued a New Jersey based corporation, Mid- Atlantic CNC, Inc., in federal district court. Ten percent of MAG was owned by SP...

Recording Journal Entries and Identifying Cash Flow Effects Cedar Fair, L.P. (Limited Partnership) is one of the largest regional amusement park operators in the world, owning 12 amusement parks,...

Cedar Fair, L. P. (Limited Partnership) is one of the largest regional amusement park operators in the world, owning 12 amusement parks, five outdoor water parks, one indoor water park, and six...

Cedar Fair CaseCompanion Case to Six Flags CaseFrom 1998-2006 there were four large, well-funded competitors in the regional theme park industry. Inorder: Six Flags, Cedar Fair, Paramount Parks, and...

From 1998-2006 there were four large, well-funded competitors in the regional theme park industry. In order: Six Flags, Cedar Fair, Paramount Parks, and Busch Entertainment. Of these, Cedar Fair was...

P3-7 Recording Journal Entries and Identifying Cash Flow Effects L03-4 The following information applies to the questions displayed below) Cedar Fair. L.P. Limited Partnership is one of the largest...

P3-7 Recording Journal Entries and Identifying Cash Flow Effects LO3-4 The following information applies to the questions displayed below.J Cedar Fair, L.P. (Limited Partnership) is one of the...

Cedar Fair, L.P. (Limited Partnership) is one of the largest regional amusement park operators in the world, owning 11 amusement parks, four outdoor water parks, one indoor water park, and five...

Case Study: Surviving in the Media and Environment Industry . . Required: . Required: Write on the below points related to the case study 1. Corporate Strategy 2. SWOT ANALYSIS 3. IFAS 4. OUR...

. Required: Write on the below points related to the case study 1. Corporate Strategy 2. SWOT ANALYSIS 3. IFAS 4. OUR OPENINION AND WHY IF THEY ARE SUCCEED? 5. New strategy . Note: Please the answer...

Discuss how an emphasis on financial performance of cost centers, as measured by traditional cost accounting information, may lead to inefficient and ineffective production output.

Panda Company, a U.S. multinational enterprise, has a subsidiary in Belgium. On April 1, 2016, Panda acquired for $550,000 a draft for 500,000 and remitted it to the Belgian subsidiary as a...

For y = c o s x , find d 4 y d x 4 Enclose arguments of functions in parentheses. For example, sin ( 2 x ) . d 4 y d x 4 =

Paulson Winery in Albany, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging...

Stowe Enterprises owns the following assets at December 31, 2008. Cash in bank-savings account . 63,000 Checking account balance .... 17,000 Cash on hand ........ 9,300 Postdated checks ........ 750...

The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2010, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50....

Compute the expected return and standard deviation given these four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth Slow growth Recession...

Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin...

1.1.2 The data in the following table represents real GDP from 20112014 for five countries. a. Calculate the growth rate in real GDP for all five countries from 20112012. Which country experienced...

What are the five components of internal control? Briefly explain each component.

How do businesses control cash receipts over the counter?

How do businesses control cash receipts by mail?

MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER On the Navajo Reservation, a random sample of 218 permanent dwellings in the Fort Defiance region showed that 64 were traditional Navajo hogans. In the...

You are evaluating various investment opportunities currently available and you have calculated expected returns and standard deviations for five different well-diversified portfolios of risky...

What is the purpose of the EXTRACT function in SQL ? 1 point Calculate using data extracted from other tables Calculate the mathematical extract operation Return a specific key - value pair from a...