Which of the following statement (s) about partnership agreements is/are correct?
Whenever a partnership agreement is silent on this allocation of profits and losses, profit and losses are divided in the same proportion as capital contributions.
Whenever a partnership agreement allocated losses in unequal proportions, but is silent on the division of profits, profits are allocated in the same proportion as losses.
Whenever a partnership agreement allocated profits in unequal proportions, but is silent on the division of losses, losses are allocated in the same proportion as profits.
Whenever a partnership agreement allocated profits in unequal proportions but is silent on the division of losses, losses are allocated equally