Question
XYZ Inc. has 1,000 shares of stock issued and outstanding, which are owned by the following shareholders: Number of Shares Shareholder 200 Alice 100 Alice's
- XYZ Inc. has 1,000 shares of stock issued and outstanding, which are owned by the following shareholders:
| Number of Shares | Shareholder |
| 200 | Alice |
| 100 | Alice's spouse |
| 200 | Alice's brother |
| 200 | Alice's grandmother |
| 100 | Partnership B (Alice is a 60% partner) |
| 100 | Partnership C (Alices spouse is a 20% partner) |
| 100 | Corporation E (Alice is an 40% shareholder) |
| 1,000 |
Instructions:
Under the IRC Sec. 318 constructive ownership rules, how many shares of XYZ Inc.
stock is Alice considered to own (directly and constructively)?
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Money, Markets And Capital The Case For A Monetary Analysis
Authors: Jean Cartelier
1st Edition
0815355777, 9780815355779
