Which of the following statements is incorrect?

A.Capital expenditures or capex are the amounts spent for tangible assets that will be used for more than one year in the operations of a business. Capital expenditures can be thought of as the amounts spent to acquire or improve a company's fixed assets or property, plant & equipment.

B.Earnings is the net amount earned after deducting the cost of goods sold, expenses and losses. It is often presented as net earnings or net income.

C.A U.S. corporation's revenues are reported on the top line of its income statement, while its earnings are reported on the bottom line (or near the bottom) of the income statement.

D.Dividends represent operating expenses which are frequently paid on a quarterly basis.