subject
Business, 24.06.2019 21:30 wade98

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?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:30
rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is
Answers: 2
question
Business, 22.06.2019 11:50
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
question
Business, 22.06.2019 19:00
It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent
Answers: 3
question
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
You know the right answer?
Graphite corp. has been a calendar-year s corporation since its inception on january 2, 2011. on jan...
Questions
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Biology, 13.09.2020 06:01
question
Biology, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 06:01
question
Mathematics, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
Spanish, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
question
English, 13.09.2020 07:01
question
Mathematics, 13.09.2020 07:01
Questions on the website: 13722361