Derk owns 250 shares of stock in Rose Corporation

Accounting Aug 28, 2020

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.

Expert Solution

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

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