The following excerpts were taken from the 10-K Annual Report filed by TransMontaigne Partners, L.P., for the

Question:

The following excerpts were taken from the 10-K Annual Report filed by TransMontaigne Partners, L.P., for the year ended December 31, 2015.
Balance Sheets

December 31 (In thousands) 2014 2015 Partners' equity: General partner Limited partners and other Total partners' equity

Consolidated Statements of Income

Year Ended December 31 2015 2014 Net income Net income attributable to general partner Net income attributable to limite


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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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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