Which of the following statement is incorrect?

Question $1$ options:

A$)$

Cash flows that are equivalent at a specified point in time may not be equivalent at all points in time at that interest rate.

B$)$

Cash flows must be converting to an equivalent value at a specific period of time before they can be compared or added.

C$)$

Equivalent cash flows produce the same result over a specific period of time.

D$)$

Equivalence is a function of cash flows size, timing, and interest rate.