Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) If a firm is operating profitably, it will automatically have plenty of cash.
B) The concept of cash underpinning the statement of cash flows is 'cash and cash equivalents.'
C) A bank overdraft is an example of a 'cash equivalent.'
D) Cash is the pre-eminent asset as it is the medium with which claims are normally settled.