Which of the Following Is/are Not True

Which of the following is/are not true?

A) Firms accumulate information about revenues and expenses during a reporting period to enable the preparation of the income statement.
B) Net income for a period increases net assets (assets minus liabilities) and retained earnings.
C) Net loss for a period reduces net assets (assets minus liabilities) and retained earnings.
D) Net income for a period increases the amounts in Common Stock and Additional Paid-In Capital, a common practice among publicly traded firms.
E) none of the above