Griffin and rhodes formed a partnership on january 1, 2009. griffin contributed cash of
$120,000 and rhodes contributed land with a fair value of $160,000. the partnership assumed
the mortgage on the land which amounted to $40,000 on january 1. rhodes srcinally paid
$90,000 for the land. on july 31, 2009, the partnership sold the land for $190,000. assuming
griffin and rhodes share profits and losses equally, how much of the gain from sale of land
should be credited to griffin for financial accounting purposes?
a. $0
b. $15,000
c. $35,000
d. $45,000

From what part of income should someone take savings?

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)