Which of the following is FALSE?

Question 28 options:

	Net income as calculated on the income statement is not the net cash flow of a firm.
	the cash flow identity states that all net cash flows earned by the firm are distributed to shareholders and creditors.
	Assets on the Balance Sheet are listed in order of their liquidity, beginning with the most liquid.
	The book value of an asset on the balance sheet will always be reasonably close to its market value.
	DuPont Analysis is useful because it lets you see how ROE is impacted by the firm's leverage, efficiency, and profit margin.