Which of the Following Is a True Statement

Multiple Choice

Which of the following is a true statement?

A) Accounting income is generally equal to firm cash flow.
B) Accounting statements are usually prepared to match the timing of income and expenses.
C) The statement of financial position equity account represents the market value of the firm to shareholders.
D) The statement of financial position tells investors exactly what the firm is worth.
E) Assets are usually listed on the statement of financial position at market value.