1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sleet_krkn [62]
3 years ago
6

Andy is talking to his friend Bruce, who has an interest in Arlington, LLC, about purchasing his LLC interest. Bruce’s outside b

asis in Arlington, LLC is $21,000. This includes his $5,000 one-fourth share of the LLC’s debt. Bruce’s 704(b) capital account is $25,000. If Andy bought Bruce’s LLC interest for $18,000, what would Andy’s outside basis be in Arlington, LLC?
Business
1 answer:
dangina [55]3 years ago
7 0

Answer:

$23,000

Explanation:

LLC interest for $18,000 +$5,000 one-fourth share of the LLC’s debt

=$23,000

Therefore If Andy bought Bruce’s LLC interest for $18,000, Andy’s outside basis in Arlington, LLC will be $23,000 because Andy's basis would equal the amount he paid for his LLC interest plus his share of the LLC debt which is why he would have a starting basis of $18,000 + $5,000 of LLC debt, or $23,000

You might be interested in
The average GDP per capita for the world is about _________ and approximately ______ of the world population lives below that nu
WITCHER [35]

Answer:

I'll go with option C

According world bank data the GDP per capita for the World as at 2018 is 17,912.368 ( current international $)

5 0
3 years ago
Sean is looking for a new job that will allow him the flexibility to work from home at least one day a week so he can care for h
liq [111]

<u>Answer</u>:

Boundaryless career pattern is similar as temporary workers.

<u>Explanation</u>:

“Boundaryless career” has been a new perspective in any organisation these days. This type of career pattern provides the employees flexibility in terms of working hours. They pay them high wages for their excellent skill set.  

A person works with several organisations at a single point of time and quickly develops his career. Knowledge of such people is quite high, and companies gain from their expertise. As given in the question, Sean is provided flexibility by allowing him to work from home so that he can take care of his parents. So, this is a boundaryless career pattern.

5 0
3 years ago
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
pryor frosted flakes company offers its customers a pottery cereal bowl if they send in 4 boxtops from flakes boxes and $1.00. T
trasher [3.6K]

Answer: $30,000

Explanation:

Company estimates that 60% of boxtops will be redeemed.

They sold 500,000 boxes

= 500,000 * 60%

= 300,000 boxtops will be sent in.

So far, 220,000 have been sent in. How many left;

= 300,000 - 220,000

= 80,000 boxtops are still to be sent in

4 boxtops are needed to receive a pottery bowl so with 80,000;

= 80,000/4

= 20,000 pottery bowls are due to be issued.

Each bowl costs $2.50 to make.  Customers will send in $1 however so effectively it will cost the company;

= 2.50 - 1

= $1.50

With 20,000 still left to be issued, each costing $1.50, the total liabilitiy for outstanding premiums to be recorded at the end of 2007 is;

= 20,000 * 1.5

= $30,000

4 0
3 years ago
Buy new $13.97
andrew-mc [135]
I would say that is an alright deal you get prime video and music 
5 0
3 years ago
Other questions:
  • As of the end of the year, Juliette Industries had $25,000 of raw materials inventory. At the beginning of the year, there was $
    10·1 answer
  • Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe),
    9·1 answer
  • According to the quantity theory of money, the quantity of money is related negatively to the nominal interest rate:
    13·1 answer
  • Brian, Kirk, and Jim established a partnership with equal capital contributions. However, Kirk provided an additional contributi
    8·1 answer
  • Need help please <br> Financial statement and ratios quiz
    15·1 answer
  • (Economics) Under what circumstances would corn be considered a commodity?
    7·1 answer
  • Someone who wants to make a safe (not risky) investment might consider putting his or her money into _____ or _____. stocks, the
    15·2 answers
  • Por qué un bien no puede tener el mismo valor de cambio y el valor de uso?​
    14·1 answer
  • The shona of zimbabwe organized to resist european imperialism under the leadership of?
    7·1 answer
  • An underdeveloped economy in which communities use simple tools and traditional methods to harvest and hunt for food is called a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!