Question: Which of the following statements is correct regarding adjustments to a partner's outside basis? Select one: a. Outside basis is adjusted by 100% of a partner's share of ordinary income and 20% of his share of capital gain. b. IRC 704(d) limits the use of allocable loss to a partner's capital account. c. A partner who is both a general partner and limited partner must adjust only his basis in his limited partnership interest for income attributable to such interest. d. A partner's outside basis is increased by his share of tax exempt income. e. None of the above.