By law in Canada, unless specified by a partnership agreement to the contrary, all money and property brought into or acquired by the partnership __________.
A) is shared in proportion to the contributions made by the partners
B) is held in separate trust for the contributor(s) should the partnership dissolve in the future
C) becomes partnership property
D) is capitalized at fair market value to be shared by partners in proportion to their contributions and role in the firm
E) None of the answers apply.
Correct Answer:
Verified
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