It is about Canadian Income Tax

Self Study Problem 14-4 4. Mr. Nelson owns 80 percent of the shares of Willie's Hits Ltd. and 30 percent of the shares of Randy's Boots Inc Willie's Hits Ltd. owns 20 percent of the shares of Hill Inc. Randy's Boots Inc. owns 80 percent of the shares of Hill Inc. 1. Mr. Jones owns 35 percent of the shares of Jones Ltd. and 20 percent of the shares of Twitty Inc. Mr. Twitty owns 20 percent of the shares of Jones Ltd. and 40 percent of the shares of Twitty Inc. Mr. Jones and Mr. Twitty are not related. 3. Mr. Travis, Mr. Jennings, and Mr. Cash, three unrelated individuals, each hold one third of the shares of Cowboys Ltd. In addition, Mr. Travis and Mr. Cash each hold 50 percent of the shares of Horses Inc. 5. Ms. Parton owns 90 percent of the shares of Alpha Company and her spouse owns 100 percent of the shares of Centra Company. Ms. Parton and her spouse each own 40 percent of the shares of Beta Company. Self Study Problem 14-4 4. Mr. Nelson owns 80 percent of the shares of Willie's Hits Ltd. and 30 percent of the shares of Randy's Boots Inc Willie's Hits Ltd. owns 20 percent of the shares of Hill Inc. Randy's Boots Inc. owns 80 percent of the shares of Hill Inc. 1. Mr. Jones owns 35 percent of the shares of Jones Ltd. and 20 percent of the shares of Twitty Inc. Mr. Twitty owns 20 percent of the shares of Jones Ltd. and 40 percent of the shares of Twitty Inc. Mr. Jones and Mr. Twitty are not related. 3. Mr. Travis, Mr. Jennings, and Mr. Cash, three unrelated individuals, each hold one third of the shares of Cowboys Ltd. In addition, Mr. Travis and Mr. Cash each hold 50 percent of the shares of Horses Inc. 5. Ms. Parton owns 90 percent of the shares of Alpha Company and her spouse owns 100 percent of the shares of Centra Company. Ms. Parton and her spouse each own 40 percent of the shares of Beta Company