Limited partnership investing in raw land

Assignment Help Financial Management

Reference no: EM131527037

1- A limited partnership investing in raw land would be MOST interested in:

a. Depreciation deductions

b. Consistent income from land

c. Capital gains due to appreciation

d. Depletion allowance

2. - An individual wants to buy an interest in an oil and gas limited partnership that has the LEAST amount of risk. The MOST suitable recommendation would be a(n):

a. Income program

b. Exploratory program

c. Drilling program

d. Balanced program

3. A registered representative is required to certify which TWO of the following choices when a customer is purchasing a limited partnership?

I. That the customer has been advised by an accountant

II. That the customer is in a financial position to be investing in this type of product

III. That the customer has a sufficient net worth to lose his entire investment

IV. That the customer will not be investing in this type of product for a retirement account

a. I and III

b. I and IV

c. II and III

d. II and IV

Reference no: EM131527037

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