The K-groups and the index theory of certain comparison C^*-algebras

We compute the $K$-theory of comparison $C^*$-algebra associated to a manifold with corners. These comparison algebras are an example of the abstract pseudodifferential algebras introduced by Connes and Moscovici \cite{M3}. Our calculation is obtained by showing that the comparison algebras are a homomorphic image of a groupoid $C^*$-algebra. We then prove an index theorem with values in the $K$-theory groups of the comparison algebra.