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39. Andy owns 20% of North Corporation and 60% of Tent Corporation. North and Tent have only one class of stock outstanding. Barbara owns 50%
39. Andy owns 20% of North Corporation and 60% of Tent Corporation. North and Tent have only one class of stock outstanding. Barbara owns 50% of North Corporation and 20% of Tent Corporation. North and Tent Corporations will be brother-sister corporations if
A) no stock ownership change occurs.
B) Barbara acquires an additional 10% of North stock.
C) Andy acquires an additional 10% of North stock and Barbara acquires an additional 10% of Tent stock.
D) Barbara acquires an additional 10% of North stock and an additional 10% of Tent stock.
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