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Indicate whether the following statements are "True" or "False" regarding the related parties. ...

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Accounting

Indicate whether the following statements are "True" or "False" regarding the related parties.
a. Related parties include brothers and sisters, spouse, ancestors (parents and grandparents), and lineal descendants (children and grandchildren) of the taxpayer.
b. Related parties include two corporations that are members of a controlled group.
c. Related parties include a corporation owned more than 35 percent (directly or indirectly) by the taxpayer.
d. Constructive ownership provisions are applied to determine whether the taxpayers are related.

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