Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) working capital represents assets needed to carry out the normal operations of the business.
B) current liabilities that reflect amounts owed but not yet due on the date of the balance sheet are called accruals.Wages payable are part of a firm's accounts payable,
C) because of accrual accounting, a firm's net income over some period is not necessarily the same as its cash flows.
D) all the above statements are correct.