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 $10,000. this includes his $2,500 one-fourth share of the llc's debt. bob's 704(b) capital account is $17,000. if tom bought bob's llc interest for $17,000, what would tom's outside basis be in freedom, llc?

Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)

The questions of economics address which of the following ? check all that apply

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.