Back to Study Group
I thought control was 80% of the stock?
Caroline-91970 - 06/1/2019, 9:16 pm

They're each getting 1/2 of the corp's shares so 50%.

Reply
Comment
Report
1
RAIN - 06/15/2019, 6:21 pm

It is. Van contributed property and received 50%, Floyd contributed property and received 50%, making the total 100%.

Comment
Report