Under What Conditions Will a Partner Recognize a Gain in a Liquidating

Under what conditions will a partner recognize a gain in a liquidating distribution?

A) When a partnership distributes money, hot assets, and other property and the amount of the distribution is less than the partner's outside basis.
B) When a partnership distributes only money and the amount of the distribution exceeds the partner's outside basis.
C) When a partnership distributes money, hot assets, and other property and the amount of the distribution exceeds the partner's outside basis.
D) When a partnership distributes only money and the amount of the distribution is less than the partner's outside basis.