Which of the following statements is FALSE? O A The Income statement is put together at a specific point in time and of a biss quarter, or business year) and so the sale could be in one period and the cash received in another period OB. The income statement contains the set of expenses asociated with the products or services sold during the current operating period, with those expenses not associated with current cash flow labeled as non-cash expertise items OC. Companies depreciate food awet (nuch an office furniture, equipment, machinery, and buildings) over an assigned time period, but the bial cash outay for the fired soot typically occurs at the time the asset to acquired by the form OD. In almost all circumstances depreciation is a current expense of a cash outlow in the current period