Which of the Following Statements About Dividends Is False

Which of the following statements about dividends is false?

A) Preferred stock dividends often represent a tax-advantaged investment for some corporations.
B) Dividends paid to shareholders represent a return on the capital directly or indirectly contributed to the corporation by shareholders.
C) The payment of dividends is at the discretion of the board of directors.
D) The payment of dividends by the corporation is not a tax-deductible business expense.
E) A corporation can be sued for not paying undeclared dividends.