Ms. Jackson commenced a partnership with her friend, Ms. Jones. Jackson and Jones each made capital contributions to the partnership. The partnership agreement indicates that Jackson and Jones are equal partners. During the year, the partners incur expenses on behalf of the partnership, which are subsequently reimbursed by the partnership. Which of the following is NOT included in the computation of the adjusted cost base (ACB) of the partnership interest?

A.

Partner expenses, reimbursed by the partnership

B.

Capital contributions

C.

Current year income allocation

D.

Current year drawings