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
Answer:
option (d) $500
Explanation:
Data provided in the question:
Reynolds Construction's value of operations = $750 million
short-term investments = $50 million
accounts payable = $100 million
notes payable = $100 million
long-term debt = $200 million
common stock = $40 million
retained earnings = $160 million
Now,
Firm value of equity
= Free cash flow value + Investments - Debt - Notes payable
= $750 million + $50 million - $200 million - $100 million
= $500 million
Hence,
the correct answer is option (d) $500
The amount that should be associated with the given case is $16,000.
The computation is as follows:
= Money damages + cost of the court + attorney fees associated
= $8,000 + $3,500 + $,4500
= $16,000
In order to determine the value i.e. associated we add the above 3 items.
Therefore we can conclude that The amount that should be associated with the given case is $16,000.
Learn more about the broker here: brainly.com/question/1752402
Answer: Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.
Explanation:
From the question, we are informed that Andrew has been asked to estimate future cash flows for his company and that he is having a hard time remembering how to estimate future cash flows from his accounting classes.
Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.
Answer:
D) Broker
Explanation:
A broker is a person who coordinates buyer and seller. A broker tries to improve communication between those two parties so that the transaction is successful, but he does not take part in the transaction and only charges a small comission fee.
In the question, Tony is a classical example of a broker because he does not take any equipment for himself, does not incurr any debt, and only coordinates the parties, and likely charges a small fee after the transaction is finished.
