A Ltd., B Ltd., C Ltd., and D Ltd. are four Canadian controlled private corporations. The common
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Question:
A Ltd., B Ltd., C Ltd., and D Ltd. are four Canadian controlled private corporations.
The common share ownership is as follows:
A Ltd. - Joe owns 100 percent of the common shares of this company.
B Ltd. – Joe’s spouse Sue owns 60 percent of the common shares of this company. Joe owns 40 percent.
C Ltd. – Joe owns 30 percent of the common shares, and his spouse Sue owns 20 percent of the common shares. Joe’s uncle Bruno owns 50 percent of the common shares.
D Ltd. – Joe’s 17-year-old daughter owns 60 percent of the common shares. The other 40 percent is owned by an unrelated person.
REQUIRED
Are A Ltd. and B Ltd. associated?
Are B Ltd. and C Ltd. associated?
Are A Ltd. and D Ltd. associated?
Expert Answer:
1 Are A Ltd and B Ltd Associated A Ltd Joe owns 100 percent of the common shares of this company B L... View the full answer
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