Which of the following taxpayers can use the cash method of accounting?

A. C corporations with annual average gross receipts of $27 million for the three prior tax years

B. Partnerships which have a C corporation as a partner

C. C corporations with annual average gross receipts of $24 million for the three prior tax years

D. Tax Shelters

Which of the following statements is true regarding the dividends-received deduction?

A) Distributions received from S-corporations are eligible for the deduction.

B) Stock held for 31 days is eligible for the deduction. C) The full deduction is available if the corporation has a Net Operating Loss (NOL) or would have an NOL if it received the full deduction.

D) The deduction is available even if an offsetting short position is held on the stock.