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

Question

Quizplus · Accepted Answer

The Answer of 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

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