Corona Company is owned equally by Maria, her sister Carlita, her mother, Gabriella, and her grandmother Olivia, each of whom holds 100 shares in the company. Under the family attribution rules, how many shares of Corona stock is Maria deemed to own?

Question

Quizplus · Accepted Answer

Maria is deemed to own 200 shares of Corona stock. This is because she is deemed to own her own 100 shares, plus the 100 shares owned by her sister Carlita (since they are siblings), and the 100 shares owned by her mother Gabriella (since she is Maria's parent).

Corona Company Is Owned Equally by Maria, Her Sister Carlita