Which of the following is true of partnership property?

Multiple Choice

The fact that property is used in the business makes it partnership property though it does not show in the account books.

Payment by the partnership of taxes or insurance on property is conclusive evidence that the property is owned by the partnership.

Any property acquired with partnership funds is partnership property even if a contrary intent is shown.

Partnership property includes all property that originally was contributed to the partnership as well as anything purchased then or later for the partnership.