Which of the Following Statements Incorrectly Describes the Relationship Between

Which of the following statements incorrectly describes the relationship between a company's book value per share and its market price per share?

A) If the book value per share is below the market value per share,then shareholders are paying for the future earnings power of the company.
B) If a company has unrecorded assets or appreciated assets,the market value per share is likely to be greater than the book value per share.
C) Since the book value per share is based on historical costs,the book value per share can never be greater than the market price per share.
D) Use of the book value per share can be highly questionable for many companies,since it is based on balance sheet amounts that in turn are based upon historical costs.
E) If the market value of a company's assets is much greater than the assets' historical costs,then the market price per share will likely be greater than the book value per share.