Which of the Following Is Not True Regarding Restrictions on Dividend

Which of the following is not true regarding restrictions on dividend payments?

A) These restrictions typically arise when loan agreements prohibit the registrant from paying cash dividends without the consent of the lender.
B) In certain cases,restrictions at a subsidiary-company level exist such that the registrant's subsidiary companies may not transfer amounts to the registrant without the consent of a third party.
C) Amounts subject to restrictions must be disclosed.
D) The auditor will typically confirm with shareholders whether there are any side agreements regarding dividend restrictions.