Jbc corporation is owned 20 percent by john, 30 percent by brian, 30 percent by charlie, and 20 percent by z corporation. z corporation is owned 80 percent by john and 20 percent by an unrelated party. brian and charlie are brothers. answer each of the following questions about jbc under the constructive ownership rules of section 267: < ? xml: namespace prefix = o ns = "urn: schemas-microsoft-com: office: office" />
a. what is john's percentage ownership?
b. what is brian's percentage ownership?
c. what is charlie's percentage ownership? %
d. if brian sells property to jbc for a $6,000 loss, what amount of that loss can be recognized for tax purposes (before any annual limitations)?

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?