The following excerpts were taken from the 10-K Annual Report filed by TransMontaigne Partners, L.P., for the
Question:
Balance Sheets
Consolidated Statements of Income
Analyze:
1. On December 31, 2015, what percentage of total equity belongs to the general partner of TransMontaigne Partners, L.P.?
2. By what amount has the equity of the limited partners decreased from December 31, 2014, to December 31, 2015?
3. Based on the net earnings allocation reflected on the 2015 income statement, what percentage of earnings is allocated to the general partner? To the limited partners?
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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