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Which of the following statements is most FALSE? A. All of an S corporation's income is reported as dividend income to its stockholders, and thus is taxed twice. B. Management's goal should be to take actions designed to maximize a firm's value. C. An S corporation must have no more than 100 stockholders. D. The corporate tax system previously favored debt financing over equity financing more than it does now with the TC\&J Act. E. The value of any business other than a relatively small one will probably be maximized if it is organized as a corporation - it has less risk, can raise more capital, and the investment is liquid