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Carol owns 40% of Grizzly Corporations outstanding stock. Her daughter Joy and son-in-law John each...

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Question

Accounting

Carol owns 40% of Grizzly Corporations outstanding stock. Her daughter Joy and son-in-law John each own 15%. Joy is legally separated from John. Carols father owns 30% of Grizzlys outstanding stock. What is Joys percentage of stock ownership under the attribution rules for stock redemption?
A.
30%
B.
55%
C.
70%
D.
100%

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