How many shares jose considered to own in black corporation

Reference no: EM132702686

Question1 : Black Corporation has 100 shares of common stock outstanding. Jose owns 50 of the shares, Jose's mother owns 30 shares, Jose's father owns 7 shares, Jose's uncle owns 3 shares and Jose's brother owns 10 shares. How many shares is Jose considered to own in Black Corporation under the stock attribution rules in Section 318?

a 50

b. 80.

C. 87.

d. 97

Reference no: EM132702686

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