Corporations Sometimes Distribute Assets Other Than Cash When Paying a Dividend

Corporations sometimes distribute assets other than cash when paying a dividend. Which of the following is not true?

A) Such a dividend is known as a dividend in kind.
B) Such a dividend is never known as a property dividend.
C) The amount debited to Retained Earnings equals the fair value of the assets distributed.
D) When this fair value differs from the carrying value of the assets distributed, the firm recognizes a gain or loss in net income.
E) The accounting for property dividends resembles that for cash dividends, except that when the firm pays the dividend, it credits the asset given up, rather than Cash.