Which of the following statements regarding corporate finance is incorrect?

A. Corporate finance is one of the major branches of finance, yet it is considered as the granddaddy (mainstay or backbone) of all functional areas in finance.

B. A firms financing decisions and investing decisions are generally considered as the two main issues of corporate finance.

C. CFA is the person who is in charge of finance functions of a typical corporation overseeing both the treasurers functions and the controllers functions.

D. A corporation is a legally empowered entity that can own assets, assume liabilities, make transactions, become a litigation party, and engage in other specifically designated activities.