Multiple Choice
Erin,Sarah,and Timmy are equal partners in EST Partnership.Sarah also owns 40% of Elton Corporation.The remaining shareholders of Elton Corporation are: Erin (24%) and Sarah's uncle (36%) .What percent ownership does Sarah directly or constructively own in Elton Corporation?
A) 40%
B) 64%
C) 76%
D) 100%
Correct Answer:
Verified
Correct Answer:
Verified
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