Erin sarah and timmy are equal partners in est partnership., Ask an Expert

Accounting

Erin, Sarah, and Timmy are equal partners in EST Partnership. Sarah also owns 40% of Elton Corporation. The remaining shareholders of Elton Corporation are: Erin (24%) and Sarah's uncle (36%). What percent ownership does Sarah directly or constructively own in Elton Corporation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9445153

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