Hunt Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Soccer LP

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Hunt Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Soccer LP and Football LP. Both partners separately operate a minor league soccer team and a semipro football team. Compute partner return on equity for each limited partnership (and the total) for the year ended June 30, 2009, using the following selected data on partner capital balances from Hunt Sports EnterprisesLP.
Hunt Sports Enterprises LP is organized as a limited partnership
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...
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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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