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:
Discrimination Claim
A legal complaint asserting unequal treatment based on prohibited factors such as race, gender, age, or disability.
Prima Facie Case
A case in which the evidence before trial is sufficient to prove the case unless there is substantial contradictory evidence presented at trial.
ADA
The Americans with Disabilities Act, a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.
Illegal Drugs
Substances whose manufacture, possession, or use is prohibited by law due to their potential for abuse or harm.
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