D Question 7 5 pts A partnership is dissolved upon the acceptance of a new partner, O dissolution means the business must liquidate. has unlimited life. is dissolved only by the withdrawal of a partner. D Question 8 5 pts Which of the following is a false statement about partnerships? O If the partnership agreement does not specify the manner in which net income is to be shared, it is distributed according to capital contributions, O Partnership assets are co-owned by partners. Each partner has a claim on assets equal to the balance in the partner's capital account. O If a partnership is terminated, the assets do not legally revert to the original contributor