Which of the Following Statements Best Describes the Role of Current

Which of the following statements best describes the role of current and accumulated E&P in determining if a distribution is a dividend?

A) A distribution will only be a dividend if total E&P (current plus accumulated) is positive at the time of the distribution.
B) A distribution can never be a dividend if current E&P is negative.
C) At a minimum, some portion of the distribution will be a dividend if current E&P for the year is positive, even if accumulated E&P is negative.
D) A distribution will never be a dividend if current E&P for the year is negative, even if accumulated E&P is positive.