Question: I know the answer to this is C, but can someone explain to me the reason why? 1. Crow Corporation has 800 shares of stock

I know the answer to this is C, but can someone explain to me the reason why?

1. Crow Corporation has 800 shares of stock outstanding. Ted owns 300 shares, Teds mother owns 100 shares, Teds sister owns 80 shares, and Teds granddaughter owns 120 shares. Bluebird Corporation owns the remaining 200 shares of stock in Crow. Ted owns 30% of the stock in Bluebird Corporation. In applying the 318 stock attribution rules, how many shares does Ted own in Crow Corporation?

a.	300.
b.	400.
c.	520.
d.	550.
e.	None of the above.

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