Practice Quiz

FINRA Series 7

Category - Series 7

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Which of the following is associated with an income oil and gas partnership?
  1. capital appreciation
  2. the risk of dry holes
  3. high intangible drilling costs
  4. cash flow and depletion allowance
Explanation
Answer: D - cash flow and depletion allowance. The other choices are not applicable because an “income” partnership already has a producing well.
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