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plication Assignment Saved Help Save &Exit Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about purchasing his LLC interest.

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plication Assignment Saved Help Save &Exit 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 $12,500. This includes his $3,000 one-fourth share of the LLC's debe Bob's 704b) capital account is $19,500. If Tom bought Bob's LLC interest for $22,000, what would Tom's outside basis be in Freedom, LLC? Mutiple Choice $12.500 Sm000 $22.000 $25.000 On 12/31/X4, Zoom, LLC reported a $52500 loss on its books. The items included in the loss computation were $25.000 in sales revenue, $10.000 in qualified dividends, $17.000 in cost of goods sold, $45.000 chartable contribution, $15,000 in employee wages, and $10,500 of rent expense, How much ordinary business income 8oss) will Zoom report on its X4 return? Mutiple Choice (58,000 ($17500) 52.500 d02500)

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