The Following Shareholders Own the Outstanding Stock of Garcia Corporation

question 36

Multiple Choice

The following shareholders own the outstanding stock of Garcia Corporation: Ryan is a 25% partner in AG Partnership. Ryan also is a 55% shareholder in XYZ, Inc. and a 40% shareholder in RST, Inc. How many shares does Ryan constructively (directly and indirectly) own?

• A) 200
• B) 280
• C) 320
• D) 420

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Definitions:

Rift Arms

Extensions of a rift valley, characterized by divergent plate boundaries where the Earth's crust is being pulled apart, leading to the formation of new crust.

Magma Bodies

Accumulations of molten rock located beneath the Earth's surface, which can potentially feed volcanic eruptions.

Continental Hot Spot

A region located within a continental landmass that exhibits volcanic activity due to a plume of hot material rising from beneath the Earth's crust.

Snake River Plain

A geographic feature in the U.S. states of Idaho and Oregon, characterized by a vast area of flatland through which the Snake River flows.