Beltway Company is owned equally by George, his brother Thomas, and a partnership owned 50 percent by George and his father Abe. Each of the three shareholders holds 280 shares in the company. Under the §318 stock attribution rules, how many shares of Beltway stock is George deemed to own?

Multiple Choice 

280 

420 

560 

840

Answer rating: 100% (QA)

Under the 318 stock attributi... View the full answer