Question: Which of the following statements is correct regarding the relationship of the mandatory allocation rules and 704(d)? Select one: a. If Code Section 704(d) applies, a mandatory gain allocation must be made to the "704(d) partner" based on Code Section 704(c ) requirements. b. If Code Section 704(d) applies, an otherwise appropriate mandatory loss allocation cannot be made to the partner subject to section 704(d). c. If a mandatory allocation is required to be made, Code Section 704(d) is not a relevant issue as regards the appropriateness of the allocation. d. Code Section 704(d) loss limits prevent a mandatory allocation from being made. e. None of the above.