Which of the statements below is FALSE? A) The long-term capital asset accounts of the balance sheet represent the capital investment of the company and reflect assets that the company owns and that provide the basis for producing goods and services for sale. B) The cash account is much like your individual checkbook, because it tells you how much money you currently have for paying bills or spending on new items. Long-term assets are accounts that will normally be turned into cash over the course of the operating or business cycle of the firm, and current liabilities are the accounts that will come due for payment over the operating or business cycle. The Plant, Property and Equipment account is straightforward in its D) description, yet it really contains two pieces: the original value (purchase price) of the equipment and the accumulated depreciation. Which of the statements below is FALSE? A) Cash flow to owners shows cash paid to owners plus any new borrowing from owners. B) The cash that the firm generates from its operating decisions (use of its assets) is used to either pay creditors or the owners of the company. C) Cash flow to creditors shows a portion of how the firm is financing the operations. D) Cash flow from assets shows the success or failure of the operating decisions