Coffee Corporation Has 2,000 Shares of Common Stock Outstanding

question 36

Multiple Choice

Coffee Corporation has 2,000 shares of common stock outstanding. John owns 700 of the shares, John's grandfather owns 100 shares, John's father owns 100 shares, John's ex-wife owns 700 shares, and Redbird Partnership owns 400 shares. John is a 50% partner in Redbird Partnership. How many shares is John deemed to own in Coffee Corporation under the § 318 attribution rules?

• A) 700
• B) 1,000
• C) 1,100
• D) 1,700
• E) None of the above

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