Ch.17-Test Problems-pg480 - and unlimited liability a...

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Chapter 17: Sources of Commercial Debt and Equity Capital Robb Page 08-Apr-2010 FIN 497: Real Estate Principles Professor Clements Test Problems – page 480. 1. Double taxation is most likely to occur if the commercial properties are held in the form of a: c) C Corporation 2. With regard to double taxation, distributions, and the treatment of the losses, general partnerships are most like: c) Limited Partnerships 3. Special Allocations of income or loss are available if the form of ownership is a(n): c) Limited Partnerships 4. Real Estate Syndicates traditionally have been legally organized most frequently as: c) Limited Partnerships 5. A real estate investment trust generally: d) None of the above 6. Which of the following forms of ownership involve both limited
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Unformatted text preview: and unlimited liability? a) Limited partnerships 7. Which statement is false concerning the limited partnership of ownership? c) The limited partners cannot enjoy tax benefits, but the general partners can. 1 Chapter 17: Sources of Commercial Debt and Equity Capital 8. Which of these lenders is most likely to provide a construction loan? c) Commercial Bank 9. Which of these loans is a life insurance most likely to invest in? c) Large office building loan (non-construction) 10. Which of the financial firms is most likely to invest in a large, long-term mortgage loan on a shopping center? c) Life insurance company 2...
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Ch.17-Test Problems-pg480 - and unlimited liability a...

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