Brownstone Corporation has 1,000 shares of stock issued and outstanding. These shares are owned by the following people : 200 shares Bobby 300 shares Bobby's brother 100 shares Felicia Partnership 300 shares Frisco, Inc. 100 shares Colten, Inc. Bobby owns 50% of Felicia Partnership and 40% of Frisco, Inc., and, Felicia Partnership owns the other 60% of Frisco and Colten. Under constructive ownership rules for Sec. 302 stock redemptions, how many shares of stock in Brownstone Corporation is Bobby considered to own?
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Home » Business » Brownstone Corporation has 1,000 shares of stock issued and outstanding. These shares are owned by the following people : 200 shares Bobby 300 shares Bobby's brother 100 shares Felicia Partnership 300 shares Frisco, Inc. 100 shares Colten, Inc.