Kim recelved a one third profits and capital interest in Bright Line. LLC, n echange for legal services she provided. In addeion to her share of partnership profts or losses, she recelves a $20.000 guaranted payment each year for ongoing services she provides to the LLC. For X4. Bright Line reported the following revenues and expenses sales-$140.000, cost of goods sold-$80,000, depreciation expense-$46,000, kong-term capital gains-$5000, qualitied dividends-$5.000. and municipal Bond interest-$3.000. How much ordinary business income toss) will Bright Line allocate to Kim on her Schedule K.1 for X4? Multiple Choice $7.000 $9.000

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.