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Business, 03.12.2019 01:31 july00

Nancy owns 10% interest in abc corporation and 20% of the outstanding shares of xyz corporation. her son nick owns 60% of the outstanding shares of xyz corporation. xyz corporation owns 50% interest in abc corporation. denise, nancy’s mother, owns 40% interest in abc corporation. under the constructive ownership rules of sec. 318, nancy is considered to own how much of abc corporation

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Nancy owns 10% interest in abc corporation and 20% of the outstanding shares of xyz corporation. her...

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