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)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.
C)A corporate dividends-received deduction is not allowed for dividends received on stock held for 40 days.
D)All of the above are false.

Question

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The Answer of 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)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.
C)A corporate dividends-received deduction is not allowed for dividends received on stock held for 40 days.
D)All of the above are false.

Identify Which of the Following Statements Is False