Molly is interested in ensuring that the advice she receives is guided by the fiduciary standard. She has talked to two different financial advisors. One advisor is paid based on a set fee based on the amount of managed assets. The other financial advisor has not made it clear to Molly how he gets paid, but he has assured her that she will not have to pay anything for his services. Knowing nothing else about the advisors other than how they are compensated, which advisor is more likely to follow the fiduciary standard? A, The second advisor because he follows a suitability approach.
B. The first advisor because she does not charge a commission
C. The first advisor because she charges a commission
D. Both advisors are following the fiduciary standard.

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.