Problem 5. X corporation has following shares outstanding: John owns 800 shares, Mary owns 500 shares Z corporation owns 500 shares and Y partnership owns 400 shares. John and Mary are equal partners of Y partnership. John owns 40 percent of Z corporation. John's daughter owns 600 shares A Applying stock attribution rules, how many shares are owned by John Everything is same as above ecept John owns 60% of Z corporation Applying stock attribution rules, how many shares are owned by John