Which of the following is a true statement in regard to a Parent$-$Subsidiary?

A The $80\%$ tests must be met on the last day of the tax year

The $80\%$ tests must be met on every day of the tax year

The related party loss disallowance rule does not apply

Section $179$ may be used by both the Parent and the Sub at $$1,220,000$ each for a total of $$2,440,000$