While Partnerships and Joint Ventures Have Some Similarities, They Have

While partnerships and joint ventures have some similarities, they have significant differences. Which of the following is FALSE with regard to partnerships and joint ventures?

A) CCPC partners in a partnership, and CCPC members in a joint venture, are both restricted to their profit-sharing ratio of the $500,000 small business deduction limit.
B) Joint ventures are more limited in their use than partnerships, although they have more flexibility with regard to their tax decisions.
C) All partners in a partnership are subject to the same CCA decision in a given tax year, while members of a joint venture may each decide their own amount of CCA to be deducted.
D) Joint ventures and partnerships are not separate taxable entities.