Which of the Following Statements Is False

Which of the following statements is false?

A) A company may exclude a short-term obligation from current liabilities if it intends to refinance the obligation on a long-term basis and have an unconditional right to defer settlement of the liability for at least 12 months.
B) Cash dividends should be recorded as a liability when they are declared by the board of directors.
C) Under the cash basis method, warranty costs are charged to expense as they are paid.
D) Social security taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.