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of Accounting in Financial Statements of Subsidiaries Acquired by

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Master Limited Partnerships (MLPs) are partnerships in which interests are publicly traded. Most MLPs are formed from assets in existing businesses. Typically, the general partner of the MLP is affiliated with the existing business (that is, the MLP is usually operated as an extension of or complementary to the business of the general partner). The purposes for forming an MLP vary. They can be formed to realize the value of undervalued assets, to pass income and tax-deductible losses directly through to owners, to raise capital, to combine several existing partnerships, or as a vehicle to enable companies to sell, spin off, or liquidate existing operations. Copyright © 2008, Financial Accounting Standards Board Not for redistribution Page 1An MLP may be created in a variety of ways, including the following: 1. Roll-up—two or more legally separate limited partnerships are combined into one MLP 2. Drop-down—certain assets of a sponsor (usually a corporate entity) are placed into a limited partnership and units are sold to the publi

Year: 1987
OAI identifier: oai:CiteSeerX.psu:10.1.1.353.1754
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