Identify which of the following statements is true.
A. Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule Minus−1 when the expense is being amortized over ten years for book income purposes.
B. Schedule Minus−1 ​(Form 1120) is an analysis of the​ corporation's retained earnings.
C. Form 1120 Schedule L contains the​ corporation's income statement.
D. All of the above are false.