The Charitable Deduction for a Corporation Is Limited Both by Type

The charitable deduction for a corporation is limited both by type of property contributed and an annual maximum amount.Which of the following is a false statement?

A) An accrual basis corporation may deduct contributions authorized during the tax year but actually paid within two and one-half months after the close of the tax year.
B) The annual maximum amount of charitable deduction for a corporation is 10 percent of taxable income calculated before certain deductions.
C) Generally, a corporation is allowed a deduction for the fair market value of capital gain and ordinary income property.
D) In certain cases where a corporation donates capital gain property, the allowable deduction is limited to the fair market value, reduced by the amount of unrealized appreciation (i.e., the deduction is limited to the property's adjusted basis) .