Acme Corporation has 1,000 shares outstanding. Joan and Bill are married, and they each own 20 shares

Question:

Acme has 1,000 shares outstanding. Joan and Bill are married, and they each own 20 shares of Acme. Joan's daughter, Shirley also owns 20 shares of Acme. Joan is an equal partner with Jeri in the J&J and this owns 60 shares of Acme. Jeri is not related to Joan or Bill. How many shares of Acme is Shirley deemed to own under the stock attribution rules?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...