Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) The dividends- received deduction cannot be taken in full on a consolidated return if the deduction amount creates or increases a consolidated NOL.
B) The dividends- received deduction limitation for dividends received by members of an affiliated group from nonmembers is applied to the separate taxable income of each group member.
C) A shareholder corporation that receives a nondividend distribution from an affiliated group member is not required to recognize a gain when the distribution amount exceeds the shareholder's basis in the distributing corporation's stock.
D) All of the above are false.