13. Ned owns 50 shares of X corp. The remaining shares are owned as follows: Tom (Ned's father), 60 shares; Estelle (Ned

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answerhappygod
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13. Ned owns 50 shares of X corp. The remaining shares are owned as follows: Tom (Ned's father), 60 shares; Estelle (Ned

Post by answerhappygod »

13. Ned owns 50 shares of X corp. The remaining shares are owned
as follows:
Tom (Ned's father), 60 shares; Estelle (Ned's wife), 75 shares;
Pete (Estelle's father) 22
shares. And the ABC Partnership owns 300 shares and Ned is a 20%
partner.
(a) How many shares in total is Ned treated as owning under the
attribution rules?
(b) If Estelle is also a 10% partner in ABC, how many more
shares are attributed to Ned?
14. The Tiptop partnership owns 120 shares of Z Corp. Laura owns
300 shares of Z
Corp, and is a 20% partner in Tiptop. Myles owns 80 shares of Z
Corp, and is a 10%
partner in Tiptop. How many shares in total is the Tiptop
partnership treated as owning
in Z Corp?
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