Which of the following statements is FALSE?

A$.$ The book value of equity rarely equals the market value of equity except when the

market$-$to$-$book ratio is $1\mathrm{.}0.$

B$.$ The book value of equity is the residual difference between assets and liabilities.

C$.$ The book value of equity increases when a company pays dividends.

D$.$ The ultimate goal of financial managers is to maximize the current market value of the

company$$s existing equity.