Tiger Corporation, a Privately-Held Company, Has One Class of Voting

question 50

Short Answer

Tiger Corporation, a privately-held company, has one class of voting common stock, of which 1,000 shares are issued and outstanding. The shares are owned as follows: $$\begin{array} { l r } \text { Mark Bird } & 300 \\\text { Connie Bird (Mark's wife) } & 250 \\\text { Bonnie Bird (Mark's daughter) } & 200 \\\text { Billy Bird (Mark's brother) } & \underline{250} \\\text { Total } & 1,000\end{array}$$ How many shares of stock is Mark deemed to own under the family attribution rules in a stock redemption?

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Definitions:

Inductive Reasoning

A method of deduction where various statements, assumed to be true or often proven so, come together to derive a specific inference.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Mnemonics

A technique used to improve memory by linking information to visual, auditory, or other memorable cues.

Improve Memory

Techniques or practices intended to enhance the ability to remember information or experiences.