Which of the Following Statements Is False

Which of the following statements is false?

A) Firms with seasonal cash flows may find themselves with a surplus of cash during some months that is sufficient to compensate for a shortfall during other months. However, because of timing differences, such firms often have short-term financing needs.
B) A company forecasts its cash flows to determine whether it will have surplus cash or a cash deficit for each period.
C) Like seasonalities, positive cash flow shocks can create short-term financing needs.
D) When sales are concentrated during a few months, sources and uses of cash are also likely to be seasonal.