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ABC Corporation has 100 shares of common stock outstanding, owned as follows: Grandfather (Mother's father)- 25 Mother - 20 Daughter - 15 Adopted son -
ABC Corporation has 100 shares of common stock outstanding, owned as follows:
Grandfather (Mother's father)- 25
Mother - 20
Daughter - 15
Adopted son - 10
Partnership - 30 (PS is owned 50% by Mother and 50% by Mother's cousin)
Determine the number of shares of stock owned directly and indirectly by each shareholder
Grandfather
Mother
Daughter
Adopted Son
Partnership
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