Answer:
$19,500
Explanation:
Given that,
Bob's outside basis in Freedom, LLC, = $10,000
One-fourth share of the LLC's debt = $2,500
Bob's 704(b) capital account = $17,000
Tom bought Bob's LLC interest = $17,000
Tom's outside basis be in Freedom, LLC: 
= Amount paid for interest + share of LLC’s Debt
= $17,000 + $2,500
= $19,500
 
        
             
        
        
        
Answer:
711,300
Explanation:
Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense
Net Income                                                                       624,000
Depreciation and amortization                                         87,000
Decrease in accounts receivable                                     22,000
Increase in inventories                                                       (9,200)
Increase prepaid expenses                                                (8,500)
Increase in salaries payable                                              10,000
Decrease in income taxes payable                                   (14,000
)
Net cash generated from operating activities                 711,300
 
        
             
        
        
        
Consumer Surplus 
This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus. 
 
        
             
        
        
        
Portability should be the answer