Pratt Corporation uses the accrual method of accounting and has transactions with related parties who use the cash method. At Pratt's year-end, it has an outstanding accrual owed to one of these parties. Which of the following statements is true: a. This is not actually possible as all related parties are required to use the same method of accounting. b. Pratt cannot claim any deductions with respect to the related party transactions. O c. Pratt can change to the cash method to match the related parties and take the accrued deduction on its tax return d. Pratt can claim a deduction only when the related party claims the amount as taxable income Dan and Phil are brothers. Dan owns 60 shares of Corporation Y while Phil owns the other 40. Corporation Y buys back 30 of Dan's shares. Will this qualify as a redemption under section 302? Yes because it is a repurchase of Dan's shares Yes, because it meets the disproportionate redemption rules No, Dan still owns 30 out of 70 shares so is considered related No, Dan and Phil are related so Dan still owns 100% of the shares