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How many shares of stock are madison deemed

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Question - Geneva corporation, a privately held company, has 1 class of voting common stock of which 1000 shares are issued and outstanding. the shares are owned as follows:

Madison Cheeseman 350

Brewer partnership 250

Brett Cheeseman ( madison's daughter) 100

Packer corporation 300

Total 1000

Madison has a 20% interest in the partnership. The remaining 80 % is owned by unrelated individuals. Madison owns 40 % of packer corporation. The other 60% is owned by her father.

Required - How many shares of stock are Madison deemed to own under the family attribution rule in a stock redemption.

Reference no: EM133006866

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