Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) The dividends- received deduction claimed when a $50,000 dividend is received from a 100%- owned nonconsolidated life insurance company is $35,000 (ignoring any dividends- received deduction limitations) .
B) The consolidated dividends- received deduction percentage for dividends received by one affiliated group member from another affiliated group member is always 100%.
C) P Corporation receives a dividend from its 100%- owned subsidiary corporation S. P and S have filed consolidated tax returns for a number of years. The dividend payment is out of S's earnings and profits and reduces P's investment in S. The dividend is an intercompany transaction and excluded from P's gross income.
D) All of the above are false.