Which of the following statements regarding corporate distributions is false?

A) In a corporate distribution, the Earnings and Profits account is reduced by the lesser of the FMV or the adjusted basis of the property distributed.

B) Under no circumstances may a distribution, whether in cash or property, generate a deficit in Earnings and Profits.

C) Under no circumstances may a distribution, whether in cash or property, add to a deficit in Earnings and Profits.

D) In a corporate distribution, the Earnings and Profits account is reduced by the amount of money distributed.