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Which of the following statements is? FALSE? A

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Which of the following statements is? FALSE?

A.Deficits resulting from investments in long−term projects are often financed using long−term sources of? capital, such as equity or long−term bonds.

B. If a company anticipates an ongoing surplus of? cash, it may choose to increase its dividend payout.

C.The first step in short−term financial planning is to forecast the? company's future net working capital.

D.Seasonal sales can create large short−term cash flow deficits and surpluses.