a. P Corporation owns all the stock of S and T Corporations. T owns all of U Corporation’s stock. T and U are Belgian corporations. b. Assume the same facts as in Part a except U is a domestic corporation
C:8-29 Affiliated Group Definition. In each of the following cases, determine the corporations that comprise an affiliated group. All corporations are includible corporations and have one class of stock unless otherwise indicated.
a. P Corporation owns all the stock of S and T Corporations. T owns all of U Corporation’s stock. T and U are Belgian corporations.
b. Assume the same facts as in Part a except U is a domestic corporation.
c. Omar, an individual, owns 100% of P Corporation’s stock and 30% of S Corporation’s stock. P owns 70% of S’s stock.
d. G is a German corporation. G owns all of P Corporation’s stock. P owns all of S Corporation’s stock.
e. P Corporation owns all of S Corporation’s stock. P and S each own 50% of T, a domes-tic limited liability company.
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