Which of the Following Statements Is False

Which of the following statements is false?

A) New corporations often start with a few investors and then seek additional funding as their original ideas are shown to be profitable.
B) Groups of investors called venture capitalists provide financial support for new corporations.
C) If the early life of the company is successful,the company may have an initial public offering (IPO) .
D) The IPO may be managed by an underwriting firm and shares will be sold to individual and institutional investors.
E) The accounting procedures used by a company will vary significantly based upon the stage of the company's growth cycle.