Erin, Sarah, and Timmy are equal partners in EST Partnership. Sarah also owns 40% of Elton Corporation. The remaining shareholders of Elton Corporation are: Erin (24%) and Sarah's uncle (36%). What percent ownership does Sarah directly or constructively own in Elton Corporation?
A. 64%
B. 100%
C. 76%
D. 40%
Answer: A
You might also like to view...
According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000 . Also, $15,000 wassubject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued payroll taxeswould include a
a. debit to SUTA Payable of $630 b. debit to SUTA Payable of $18,900 c. credit to SUTA Payable of $630 d. credit to SUTA Payable of $18,900
Antiques stores usually adopt the ________ method of inventory costing
a. Last–in, first–out b. Specific identification c. First–in, first–out d. Moving average
A(n) ________ is a subsidy that may be challenged as trade distorting if it injures the domestic industry of another WTO member state, nullifies or impairs the benefits due to another member state, or causes or threatens to cause serious prejudice to
the interests of another member state. A. nonactionable subsidy B. consumption subsidy C. actionable subsidy D. prohibited subsidy
Individual behavior that makes a positive overall contribution to an organization is called
A. performance behavior. B. positive inducement. C. motivational behavior. D. organizational citizenship. E. perceptive contribution.