AC Corp is an accrual basis, calendar-year end taxpayer. They provide you with the following financial information for 2021:

Dividend income (own < 10% of the entity)	$ 5,000
Gross receipts	$ 100,000
Interest income	$ 3,000
Cost of good sold	$ 70,000
Interest expense	$ 16,000
Other IRC Sec. 162 expenses	$ 9,000
Depreciation	$ 8,000
Charitable contributions	$ 12,000

All of the above amounts are properly allocable to their business.

How much dividend received deduction can AC Corp deduct in 2021?

A. $8,100

B. $2,500

C. $2,250

D. None of the above

For accrual basis taxpayers, which of the following statements is/are correct?

A. Under the recurring item exception, an expense can be deducted in the current year even if economic performance has not taken place by the end of the year.

B. The all-events test provides that if an income amount is not certain, but can only be reasonably estimated, that amount should not be recognized in income in the current year.

C. Economic performance for the payment of an award occurs when the award winner is announced rather than when the award winner is paid.

D. Under the accrual method of accounting for tax purposes generally, the receipt of a prepayment triggers income recognition.

E. The 3 month exception is an exception to the all events requirement for expense accrual.

F. The tax rules that govern the deferral of advance payments take into considerations when those deferred amounts are recognized for financial accounting purposes.