Which of the following statements is false?

A. Redemptions and partial liquidations that qualify as exchanges of the redeemed stock GENERALLY reduce earnings & profits by an amount which does not exceed the rateable share of the corporation's accumulated earnings & profits attributable to ONLY the stock redeemed.

B. If stock redemption proceeds are used to pay either a decedent's estate's funeral & administrative expenses or estate taxes, the redemption proceeds may qualify as a distribution in full payment in exchange for the stock and be taxed at preferential capital gains rates under IRC 303.

C. Only stock included in the decedent's gross estate qualifies for redemption treatment under IRC 303.

D. In order for a stock redemption to be NOT essentially equivalent to a dividend under IRC 302(b)(1), there must be a MATERIAL change in the relative economic interests or rights of the respective shareholders (i.e. a material change in ownership).

E. Only A & B are TRUE.

F. ALL of the above statements are TRUE!