Which of the following statements is false?

Select one:

a$.$ Earning revenue Is an operating actlvity of a business.

b$.$ Equipment, accounts payable, cash, and inventory would all be found in the asset section of a balance sheet.

c$.$ Stockholders' Equity is financing provided by the owners and by the operations of the business.

d$.$ The Securitles and Exchange Commission $($SEC$)$ is the governmental agency that regulates the stock market and enforces reporting standards for publicly traded corporations.

e$.$ An Increase or decrease in income will ultimately affect the balance sheet.