18. For purposes of determining current E&P, which of the following items cannot be deducted in the

18. For purposes of determining current E&P, which of the following items cannot be deducted in the year incurred?A) charitable contribution in excess of the 10% limitationB) capital losses in excess of capital gainsC) life insurance premiums (in excess of the increase in cash surrender value for the policy) paid on the lives of key employeesD) dividends-received deduction