Which of the following is an incorrect statement?

A partner never recognizes a loss on a current distribution of cash from a partnership.

When a distribution from a partnership consists of cash and noncash property, the cash is considered to be distributed first, followed by the noncash property.

A partner does not generally recognize gain or loss on the contribution of property to a partnership solely in exchange for an interest in the partnership.

When a partnership pays personal expenses on behalf of a partner, the benefitting partner's basis in his partnership interest is not affected.