Which of the individuals or entities listed below would be considered a related party to G. Assume G and all parties listed below own stock in ABC Corporation. Place a check mark next to all related parties in determining Gs ownership interest in ABC Corporation.

____A. Gs child ____E. Gs cousin

____B. Gs grandchild ____F. Gs neighbor

____C. Gs sister ____G. Gs business partner in a separate

____D. Gs spouse partnership

___H. XYZ Corp. in which G owns 70% of the stock

What type of transactions are covered by the related party rules covered in Chapter 7?

Give a brief general description of each type.