Which fo the following statements regarding chemical properties of acetophenone are wrong ?
I. It is reduced to methyl phenyl carbinol by sodium acid and ethanol
II. It is oxidised to benzoic acid with acidified `KMnO_(4)`
III. It does not undergo electrophilic substitution like nitration at meta position ltbr. IV. It does not undergo iodoform reaction with iodine and alkali.