How many shares does ted own in crow corporation

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Reference no: EM131896315

Problem

Crow Corporation has 800 shares of stock outstanding. Ted owns 300 shares, Ted's mother owns 100 shares, Ted's sister owns 80 shares, and Ted's granddaughter owns 120 shares. Bluebird Corporation owns the remaining 200 shares of stock in Crow. Ted owns 30% of the stock in Bluebird Corporation. In applying the $ 318 stock attribution rules, how many shares does Ted own in Crow Corporation?

Reference no: EM131896315

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