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 $13,000. this includes his $3,100 one-fourth share of the llc's debt. bob's 704(b) capital account is $20,000. if tom bought bob's llc interest for $23,000, what would tom's outside basis be in freedom, llc?

a. 23,000

b. 26,100

c. 19,900

d. 13,000

Jansen company borrowed $12,000 on a 1-year, 5 percent note payable from the local bank on april 1. interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. calculate the amount of cash payments jansen was required to make in each of the two calendar years that were affected by the note payable.

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows: