R, an Individual, Owns 50 Percent of the Stock of P

question 40

Multiple Choice

R, an individual, owns 50 percent of the stock of P Corporation and 30 percent of the stock of Y Corporation.The remaining 70 percent of Y's stock is owned by P Corporation.Because of his stock ownership in P, R is considered as owning

• A)80 percent of Y
• B)75 percent of Y
• C)65 percent of Y
• D)none of Y

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