Atlantic Corporation's stock is owed as follows: Adam, an individual 40 Betty, Adam's sister 10 Stock Ventures, a partnership in which Adam's mother is a 40% partner 20 Jack, the other 60% partner in Stock Ventures 20 Louis, Adam's son 10 Total shares 100 How many shares are actually and constructively owned by Adam? Show your calculation. 

Answer rating: 100% (QA)

To calculate the number of shares actually and constructively owned by Adam we wil... View the full answer