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Question: Warren Davis owns 20 percent of the outstanding stock of Davis Corporation. Warren's sister, Sara Smith, owns 30 percent of the stock; his cousin, Reggie Anderson, owns 20 percent of the stock; and his father, Ben Davis, owns 30 percent of the stock. Determine Warren's actual and constructive ownership in Davis Corporation under the related party rules.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92572115

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