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?