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A PARTNERSHIP INTEREST IS TREATED AS A USRPI IN ITS ENTIRETY IF TWO CONDITIONS EXIST....

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Accounting

A PARTNERSHIP INTEREST IS TREATED AS A USRPI IN ITS ENTIRETY IF TWO CONDITIONS EXIST. WHICH IS ONE OF THOSE CONDITIONS?

AT LEAST 20% OF GROSS PARTNERSHIP ASSETS INCLUDE PRODUCTS SUCH AS TIMBER, CROPS, ORES, AND MINERALS

AT LEAST 50% OF GROSS PARTNERSHIP ASSETS ARE INCLUDED INA USRPHC LOCATED IN THE VIRGIN ISLANDS, GUAM OR PUERTO RICO

AT LEAST 90% IS COMPOSED OF USRPI PLUS CASH AND CASH EQUIVALENTS

USRPIS COMPOSE AT LEAST 90% OF THE VALUE OF GROSS PARTNERSIP ASSETS.

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