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During the current year, Tyson sells land to Strand Corporation for $200,000. Tyson purchased the land for investment in 2002 for $217,500. Strand Corporation
During the current year, Tyson sells land to Strand Corporation for $200,000. Tyson purchased the land for investment in 2002 for $217,500. Strand Corporation is owned as follows: View the ownership of Strand Corporation. Tyson and John are equal partners in a separate entity, TJ Partnership. Read the requirements. Requirement a. What is Tyson's constructive ownership in Strand Corporation? Complete the table below to determine Tyson's constructive ownership in Strand Corporation. (Enter percentages as whole percent, X%. Enter a "O" for ownership with a zero percentage.) Tyson's contructive ownership (%) Percentage Owner Ownership Tyler (Tyson's son) 15% % John (Tyson's cousin) 20% % John's father (Tyson's uncle) 10% % Adalyn (Tyson's wife) 20% % Nora (Adalyn's sister) 35% Total 100%
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