Which of the following statements is FALSE? Group of answer choices a. The Stock redemption rules of IRC 304 were enacted by Congress to prevent controlling shareholders from claiming redemption (stock sale) treatment (stock basis recovery & capital gains) on transactions that result in a "bailout" of corporate earnings and profits (ie. a dividend) without a significant reduction in control & stock ownership. b. The anti-abuse redemption rules of IRC 304 apply to both parent-subsidiary relationships as well as brother-sister related corporations. c. For purposes of IRC 304 redemption rules, two corporations are considered brother-sister related corporations if one shareholder owns more than 50% of the stock of each brother sister corporation. d. Under the general rules of IRC 305, distributions of stock dividends and stock rights are generally NOT a taxable event to the shareholder subject to a few notable exceptions. e. ALL of the above statements are TRUE!