Graphite corp. has been a calendar-year s corporation since its inception on january 2, 2011. on january 1, 2017, smith and tyler each owned 50% of the graphite stock in which their respective bases were $12,000 and $9,000. for the year ended december 31, 2017, graphite had $80,000 in ordinary business income and $6,000 in tax-exempt income. graphite made a $53,000 cash distribution to each shareholder on december 31, 2017. what total amount of income from graphite is includible in smith's 2017 adjusted gross income?

Which of the following best describes why you need to establish goals for your program?

Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u.s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.

Describe how to write a main idea expressed as a bottom-line statement