Question

Han options peuve Cummings And PEP) 0001 Gues and other Add 36000 tored an individual shoe The Land mortgage of 100 de assumes Freddie has Table Income Dividendo 5.000 O $13.000 OS 5.000 W.000

Answer 1

Solution: $13,000

Explanation: Freddie’s dividend income is $13,000, computed by the fair market value of the land ($44,000) minus the liability i.e. mortgage on the property ($31,000).