subject
Business, 05.05.2020 04:14 MoltenSansriel1933

Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about purchasing his LLC interest. Bob's outside basis in Freedom, LLC, is $10,500. This includes his $2,600 one-fourth share of the LLC's debt. Bob's 704(b) capital account is $17,500. If Tom bought Bob's LLC interest for $18,000, what would Tom's outside basis be in Freedom, LLC

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
question
Business, 22.06.2019 16:50
The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?
Answers: 1
question
Business, 22.06.2019 16:50
Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.
Answers: 2
question
Business, 22.06.2019 20:00
Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.
Answers: 2
You know the right answer?
Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about purchasing his LLC inte...
Questions
question
Mathematics, 17.11.2020 05:40
question
Mathematics, 17.11.2020 05:40
question
History, 17.11.2020 05:40
question
History, 17.11.2020 05:40
question
Health, 17.11.2020 05:40
Questions on the website: 13722361