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Each of the three shareholders holds 100 shares in company

Question - Lansing Company is owned equally by Jennifer, her husband Dan, and DeWitt Corporation, which is owned 50 percent by Jennifer and her sister Jane. Each of the three shareholders holds 100 shares in the company. Under the §318 stock attribution rules, how many shares of Lansing stock is Jennifer deemed to own?

A. 100

B. 200

C. 250

D. 300

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Accounting Basics: Each of the three shareholders holds 100 shares in company

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