Which of the following statements correctly summarizes the accounting for an operating distribution to a partner in a partnershup and to an S corporation shareholder: a) Both a partner's outside basis and a shareholder's stock basis is reduced by the fair market value of the property distributed. b) Both a partner's outside basis and a shareholder's stock bsais is reduced by the adjusted basis of theproperty distributed. c) A partner's outside basis is reduced by th einside basis of the property distributed whereas a shareholder's stock basis is reduced by the fair market value of the property distributed. d) A partner's outside basis is reduced by the FMV of the property distributed whereas a shareholders stock basis is reduced by the adjusted basis of the property distributed