Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) The 50% dividends- received deduction is limited to 50% of the taxable income of the corporation without regard to any NOL deduction, any capital loss carryback, and the dividends- received deduction itself unless the dividends- received deduction produces an NOL.
B) A corporate dividends- received deduction is not allowed for dividends received on stock held for 40 days.
C) Members of an affiliated group can claim a 90% dividends- received deduction for dividends received from other group members that is not subject to a taxable income limitation.
D) All of the above are false.