Read the financial statements contained in the 2015 annual report and the accompanying notes, especially any that discuss the partnership form of organization.
Assume that an investor is considering investing in this partnership and has downloaded this report for study and analysis.
1. What differences exist between Real II’s financial statements and those of a corporation?
2. Assume that this investor is not aware of the potential implications of investing in a partnership rather than a corporation. What information is available in these statements to advise this individual of the unique characteristics of this legal business form?