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
A document which is an illegal copy of something. made for the purpose of deception, is known as
Harlamova29_29 [7]
A document which is an illegal copy of something. made for the purpose of deception, is known as counterfeit.
5 0
3 years ago
Which two actions should you take during an informational interview? Tell the interviewer that you would be willing to take any
storchak [24]
Speak with confidence
encourage the interviewer to do most of the talking- after all he is the interviewer, you don't want to dominate the interview
8 0
4 years ago
Read 2 more answers
An unmanned instrumented spacecraft designed for the acquisition of scientific data carried out in a space environment is called
Nitella [24]

A space probe is an unmanned instrumented spacecraft that is designed to execute physical studies of space environment. It is rocketed into space with enough speed to achieve the velocity needed to obtain hyperbolic orbit and also to reach a trajectory that is aimed at a pre-selected target. 

<span> </span>

8 0
3 years ago
Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15
Flauer [41]

Answer:

Yield to call (YTC) = 7.64%

Explanation:

Yield to call (YTC) = {coupon + [(call price - market price)/n]} / [(call price + market price)/2]

YTC = {135 + [(1,050 - 1,280)/5]} / [(1,050 + 1,280)/2]

YTC = 89 / 1,165 = 0.07639 = 7.64%

Yield to call is how much a bondholder will earn if the bond is actually called, and it may differ from yield to maturity since the call price is generally higher than the face value, but the yield to maturity generally is longer than the call period.

7 0
4 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,
Alla [95]

Answer:

$10,200,000.

Explanation:

End inventory + Sales - Begin inventory = # of units that need to be produced

# of units that need to be produced @  $30 per = Your answer

4 0
4 years ago
Other questions:
  • Information managers are responsible for getting products from producers to consumers.
    9·1 answer
  • A patient needs 0.024g of sulfa drug. There are 8 mg tablets in stock. How many tablets should be given?
    10·1 answer
  • Corona Company is owned equally by Maria, her sister Carlita, her mother Gabriella, and her grandmother Olivia, each of whom hol
    8·1 answer
  • ABC Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year matu
    13·1 answer
  • A candidate may apply to multiple jobs at the company Universal Containers by submtting a single application per job posting. On
    7·1 answer
  • Trestone, a guitar manufacturing company, produces a thousand units of electric guitars each year. The company has been able to
    10·2 answers
  • Cassie's Quilts alters, reconstructs, and restores heirloom quilts. Cassie has just spent $800 purchasing, cleaning, and reconst
    8·1 answer
  • When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting
    6·1 answer
  • HELP ASAP!!! One suggested certification for this field is Family and Community Services Competency Assessment and
    9·1 answer
  • How does the use of credit influence businesses and the economy?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!