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Exam Series 7 topic 1 question 191 discussion

Actual exam question from FINRA's Series 7
Question #: 191
Topic #: 1
[All Series 7 Questions]

Which of the following is associated with an income oil and gas partnership?

  • A. capital appreciation
  • B. the risk of dry holes
  • C. high intangible drilling costs
  • D. cash flow and depletion allowance
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Suggested Answer: D 🗳️
cash flow and depletion allowance. The other choices are not applicable because an "income" partnership already has a producing well.
by lolojepu at April 6, 2025, 2:08 a.m.

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