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How many shares is andrew deemed to own in howe corporation

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Question 1: Howe Corporation has 1,000 shares of common stock outstanding. Andrew owns 400 of the shares, Andrew's father owns 300 shares, Andrew's daughter owns 200 shares, and Green Corporation owns 100 shares. Andrew owns 70% of the stock in Green Corporation. How many shares is Andrew deemed to own in Howe Corporation under the attribution rules of §318?

Option a. 600

Option b. 1,000

Option c. 700

Option d. None of the above

Option e. 400

Reference no: EM132492404

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