Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fred corporation has 200 shares of common stock ou

Fred Corporation has 200 shares of common stock outstanding. Wyatt owns 100 of the shares,...

90.2K

Verified Solution

Question

Accounting

Fred Corporation has 200 shares of common stock outstanding. Wyatt owns 100 of the shares, Wyatt's mother owns 60 shares. Wyatt's brother owns 20 shares, and Carnival Corporation owns 20 shares. Wyatt owns 70% of the stock in Carnival Corporation. How many shares is Wyatt does Wyatt own, directly and indirectly in Fred Corporation?

a. 100

b. 160

c. 174

d. 194

e. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Question No 12 If the earth suddenly contracts to one third of its present size...

Geometry
1.2K views

In A FEG point His between points E and F point J is between points...

Geometry
1.2K views

1 3 points Find the formula of a function whose graph is transformaed from the...

Basic Math
1.2K views

onvert the temperature as indicated Round your answer to hundredths if appropriate 13 90 F...

Calculus
1.2K views

Find the indefinite integral using a table of integration formulas x 9dx x x 9...

Accounting
1.2K views

help with part A ,B and C During 2020, Grouper Company started a...

Accounting
1.2K views

Zhao Company has fixed costs of $354,000. Its single product sells for $175 per unit,...

Accounting
1.2K views

What is the amount of cash that should be reported in the company's balance sheet...

Accounting
1.2K views

The magnitude of operating leverage for Blue Ridge Corporation is 41 when sales are $290,000...

Accounting
1.2K views

Distian General Instruction: a. Read each instruction carefully. b. Write your answers clearly. c. Avoid...

Accounting
1.2K views

5. Pepper Company paid $3,500,000 for the net assets of Salt Corporation, and Salt was...

Finance
1.2K views

Weston Corporation just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The...