Mthembu is a financial accounting student at Mancosa involved in an internship at Inca Financial Company. The supervisor want to test his knowledge of the financial statements and asked him to identify which of the statements below is false? O A. The financial result of an enterprise is a measure of the profit or loss that the enterprise made over a certain period of time O B. Assets are the possessions of a business that have monetary value O C. A Statement of Comprehensive income shows the financial position of an entity on a certain date O D. Liabilities are the obligations of an entity

Mthembu is a financial accounting student at Mancosa involved in an internship at Inca Financial Company. The supervisor want to test his knowledge of the financial statements and asked him to identify which of the statements below is false? A. The financial result of an enterprise is a measure of the profit or loss that the enterprise made over a certain period of time B. Assets are the possessions of a business that have monetary value C. A Statement of Comprehensive income shows the financial position of an entity on a certain date D. Liabilities are the obligations of an entity