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Homework answers / question archive / Derk owns 250 shares of stock in Rose Corporation
Derk owns 250 shares of stock in Rose Corporation. The remaining 750 shares of Rose are owned as follows: 150 by Derk's daughter, 200 by Derk's aunt, and 400 by a partnership in which Derk has an 80% interest. Determine the number of shares Derk owns (directly and indirectly) in Rose Corporation.
Computation of the total number of shares owned by Derk:-
Total number of shares = Derk owns shares + Derk daughter's shares + Shares in partnership holding
= 250 + 150 + (400 * 80%)
= 400 + 320
= 720 shares
