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 he 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 these.
Correct Answer:
Verified
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