Diego owns 30 % of Azul Corporation. Azul Corporation owns 50 % of Verde Corporation. Under the attribution rules applying to stock redemptions, Diego is treated as owning 15 % of Verde Corporation.
A. True
B. Flase

Question

kayyriv566 kayyriv566

13-07-2020
Business

contestada

Diego owns 30 % of Azul Corporation. Azul Corporation owns 50 % of Verde Corporation. Under the attribution rules applying to stock redemptions, Diego is treated as owning 15 % of Verde Corporation.
A. True
B. Flase

Respuesta :

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abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2020-07-16T03:02:48+02:00

Answer:

Option A,true is correct

Explanation:

The indirect interest of Diego in Verde Corporation is the percentage holding in Azul Corporation multiplied by percentage holding that Azul Corporation owns in Verde Corporation as further illustrated below:

Holding in Verde Corporation=30%*50%

Holding in Verde Corporation=15.00%

In other words, the statement that Diego is treated as owning 15 % of Verde Corporation is true

Diego owns 30 % of Azul Corporation. Azul Corporation owns 50 % of Verde Corporation. Under the attribution rules applying to stock redemptions, Diego is treated as owning 15 % of Verde Corporation. A. True B. Flase

Respuesta :

Otras preguntas

Diego owns 30 % of Azul Corporation. Azul Corporation owns 50 % of Verde Corporation. Under the attribution rules applying to stock redemptions, Diego is treated as owning 15 % of Verde Corporation.
A. True
B. Flase