Question: Problem 6 - 5 Related Parties ( Section 2 6 7 ) ( LO 6 . 3 ) ZOM Corporation is owned 2 0 percent

Problem 6-5
Related Parties (Section 267)(LO 6.3)
ZOM Corporation is owned 20 percent by Zhi, 30 percent by Obi, 30 percent by Mumtaz, and 20 percent by Y Corporation. Y Corporation is owned 70 percent by Zhi and 30 percent by an unrelated party. Mumtaz and Obi are siblings. Answer each of the following questions about ZOM under the constructive ownership rules of Section 267:

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