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C:3-52 Controlled Groups. Which of the following groups constitute controlled groups? (Any stock not listed below is held by unrelated individuals each owning less than 1% of the outstanding stock.) For brother-sister corporations, which definition applies?

a. Judy owns 90% of the single classes of stock of Hot and Ice Corporations.

b. Jones and Kane Corporations each have only a single class of stock outstanding. The two controlling individual shareholders own the stock as follows:

Stock Ownership Percentages

Shareholder Jones Corp. Kane Corp.

Tom 60% 80%

Mary 30% 0%

c. Link, Model, and Name Corporations each have a single class of stock outstanding.

The stock is owned as follows:

Stock Ownership Percentages

Shareholder Model Corp. Name Corp.

Link Corp. 80% 50%

Model Corp. 40%

Link Corporation s stock is widely held by over 1,000 shareholders, none of whom owns directly or indirectly more than 1% of Link s stock.

d. Oat, Peach, Rye, and Seed Corporations each have a single class of stock outstanding.

The stock is owned as follows:

Stock Ownership Percentages

Shareholder Oat Corp. Peach Corp. Rye Corp. Seed Corp.

Bob 100% 90%

Oat Corp. 80% 30%

Rye Corp. 60% Read Less