If you expect a decline in the price of a stock, you might engage in a short sale

The three-year retention period for broker records starts from the date of closing or the date of:

A. listing, if there is no closing date B. the first meeting with the agent and the buyer C. opening the escrow D. construction of the improvements

Assume a three-person partnership had a net income of $80,000 . The salary allowances the partners withdrew totaled $50,000 . The partnership agreement specifies a 45/25/30 ratio for allocating gains and losses. How is the remaining income allocated?

a. $13,000, $8,000 and $9,000 b. $13,000, $7,000 and $10,000 c. $14,000, $7,500 and $8,500 d. $13,500, $8,000 and $8,500 e. $13,500, $7,500 and $9,000