Partnership Net Income or Net Loss Is Shared Equally Unless

Partnership net income or net loss is shared equally unless

A) the partnership contract specifically indicates the manner in which net income and net loss are to be divided.
B) at the end of the year the partners agree to divide the income at a different percentage.
C) one partner has put more effort and time into the business than the other.
D) the government changes their tax laws requiring the partners to pay more personal income taxes.