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 TRUE with regard to partnerships and joint ventures?

A) Joint ventures and partnerships are separate taxable entities.
B) All members of a joint venture are subject to the same CCA decision in a given tax year, while partners in a partnership may each decide their own amount of CCA to be deducted.
C) The proportionate allocation of the small business applicable to corporate partners does not apply to corporate joint venture members.
D) Joint ventures have less flexibility than partnerships with regard to their tax decisions.