Please give a Correct answer. Which option is correct and which is wrong with a detailed explanation ( A, B , C , D ) . Otherwise, skip.

Question: Which of the following statements about the sale or exchange of a partner's interest in a partnership is true? A. The amount realized by the selling partner does not include any partnership liabilities of which the selling partner is relieved. B. Gain or loss is the difference between the amount realized and the adjusted basis of the partner's interest in the partnership. C. The exchange of a limited partnership interest for a limited interest in another partnership is a nontaxable exchange of like-kind property. D. Any amount realized due to inventory items held by the partnership results in capital gain or loss