Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) The partner's distributive share is the partner's share of any assets distributed by the partnership.
B) Sam has a 20% interest in partnership capital and profits but a 40% interest in partnership losses. The partnership has no special allocations or precontribution gains or losses. In a year in which the partnership reports ordinary income of $100,000 and a capital loss of $30,000, Sam's distributive share is $20,000 ordinary income and $12,000 capital loss.
C) A partner's distributive share includes the full amount of partnership ordinary income, which she must report on her tax return plus her share of separately stated taxable and tax- exempt items.
D) All of the above are false.