Multiple Choice
Lansing Company is owned equally by Jennifer, her husband, Dan, and DeWitt Corporation, which is owned 50 percent by Jennifer and her sister Jane. Each of the three shareholders holds 100 shares in the company. Under the §318 stock attribution rules, how many shares of Lansing stock is DeWitt Corporation deemed to own?
A) 100.
B) 200.
C) 250.
D) 300.
Correct Answer:
Verified
Correct Answer:
Verified
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