In: Accounting
Please answer fully, typed if possible and show all work and relevant citations
4) Hawk Corporation has 2,000 shares of stock outstanding: Marina owns 700 shares, Russ;gIes
600 shares, Velvet Partnership owns 300 shares, and Yellow Corporation owns 400 s
Marina and Russell, unrelated individuals, are equal partners of Velvet Partnershlp. Marmfl
owns 25% of the stock in Yellow Corporation.
Applying the 318 stock attribution rules, determine how many shares in Hawk
Corporation each shareholder owns, directly and indirectly:
Marina:
Russell:
Velvet Partnership:
Yellow Corporation
Assume, instead, that Marina owns 75% of Yellow Corporation. How many shares
does Marina own, directly and indirectly, in Hawk Corporation?
when Marina owns 25 percent in corporation.
When Marina owns 75 percent in corporation