Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) The dividends-received deduction is designed to reduce double taxation of corporate dividends.
B) The full 80% dividends-received deduction is available without restriction.
C) If a corporation receives dividends eligible for the 80% dividends-received deduction and the 70% dividends-received deduction,the 70% dividends-received deduction reduces taxable income prior to the 80% deduction.
D) All of the above are false.