Which Statement Concerning Liabilities Is Incorrect

Which statement concerning liabilities is incorrect?

A) The absolute value of liquidity ratios is usually more important than their trend over time.
B) Borrowing to finance assets provides the potential for greater returns for owners but also means greater risk.
C) A difference between accounts payable and bills payable is that the liability created with bills payable is evidenced by a bills payable or a promissory note.
D) Leverage is the use of borrowed funds in an attempt to earn a return greater than the interest paid on the borrowings.