In a financial modeling class, Chris found that his balance sheet did not balance. His classmates reminded Chris that there were 4 explanations for why the balance sheet could not potentially balance. Which one of these 4 reasons is not a correct reason? That is, which one is an INCORRECT reason for the balance sheet not balancing?

A. There is a line item in the cash flow statement that has not been linked to the balance sheet.

B. There is a line item in the cash flow statement that has been used more than once in the balance sheet.

C. There is a line item in the cash flow statement that has been used in the balance sheet item and has been circularly referenced in the depreciation schedule.

D. The totals are not calculating properly in the cash flow statement or balance sheet statement.