Longhorn Partnership reports the following items at the end of the current year:
What is the partnership's ordinary income? Which items are separately-stated?
Definitions:
Erosion Prevention
Erosion prevention involves strategies and practices aimed at stopping soil erosion to protect land and water resources.
Oxygen Production
The process by which organisms, primarily plants and algae, produce oxygen as a byproduct of photosynthesis.
Enforceable Property Rights
The legal rights to use, control, and transfer property, and the assurance that these rights are protected and upheld by law.
Preserve Resources
The process or strategy of maintaining or saving natural resources to prevent depletion or degradation.
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