Question: The 2011 10K for Magellan Midstream Partners, L.R, a publicly traded partnership, is located at www.magellanlp.com/ Use the link for the 2011 10K under Financial

The 2011 10K for Magellan Midstream Partners, L.R, a publicly traded partnership, is located at www.magellanlp.com/ Use the link for the 2011 10K under Financial Highlights. Review the financial statements.
Requirements
1. What is the name of the CPA firm that audited Magellan Midstream Partners, L.P.?
2. In what industry is Magellan? What form of business is Magellan? Give a reason why you think the partners may have chosen this form of business.
3. Could you be a stakeholder in Magellan? How? What would your stake be called?
4. How much did Magellan earn for each limited partner unit for the year ended December 31, 2011?

Step by Step Solution

3.38 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 Ernst Young LLP is the accounting firm that performed the audit of Magellan Midstream Partners LP ... View full answer

blur-text-image
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)

Word file Icon

907-B-A-L (6355).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!