Which of the following statements is not a requirement of the substantial economic effect test?

a. Income, gains, losses, and deductions must be allocated to the partners in accordance with their capital contributions.

b. An allocation of taxable income to a partner must increase the partners capital account balance, and an allocation of tax exempt income must decrease the partners capital account balance.

c. A partner with a negative capital account balance must be obligated to immediately restore that capital account balance to zero, generally by contributing cash to the partnership.

d. On liquidation of the partners interest in the partnership, the partner must receive assets that have an inside basis equal to that partners (positive) capital account balance.

e. None of the above statements is a requirement of the substantial economic effect test.