Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) The valuation process involves linking an asset's past benefits and uncertainty to determine a fair present value.
B) Holding future benefits in the form of cash flows constant, the riskier the benefits the higher the estimated present value.
C) Finance theory focuses primarily on intangible benefits expected from an asset.
D) All of the above statements are true.
E) All of the above statements are false.