Tax Drill $-$ Section $302$

Indicate whether the following statements are "True" or "False" regarding stock redemptions that qualify for sale or exchange treatment under the not essentially equivalent to a dividend type of redemption.

a$.$ When a redemption fails to satisfy any of the qualifying stock redemption rules, the basis of the redeemed shares disappear.

b$.$ A decrease in the redeeming shareholder's voting control appears to be the most significant indicator of a meaningful reduction.

c$.$ A redemption will qualify as a not essentially equivalent redemption only when the shareholder's interest in the redeeming corporation has been meaningfully reduced.