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The Following Shareholders Own the Outstanding Stock of Garcia Corporation

Question 43

Multiple Choice

The following shareholders own the outstanding stock of Garcia Corporation:  Ryan  100 shares  Kayla (Ryan’s wrife)  100 shares  Nick (Ryan’s brother)  100 shares  XYZ Inc. 100 shares  RST. Inc. 100 shares  AG Partnership  100 shares  Total shares autstanding  600 shares \begin{array} { l l } \text { Ryan } & \text { 100 shares } \\\text { Kayla (Ryan's wrife) } & 100 \text { shares } \\\text { Nick (Ryan's brother) } & 100 \text { shares } \\\text { XYZ Inc. } & 100 \text { shares } \\\text { RST. Inc. } & 100 \text { shares } \\\text { AG Partnership } &\underline{ \text { 100 shares }} \\\text { Total shares autstanding } & \text { 600 shares }\end{array} 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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