单选题 Two growing companies are identical except that Company X capitalizes whereas Company Y expenses costs for long-lived resources. Which of the following statements about financial statement effects is FALSE? Company X will show:

A、

A. lower income variability.
B、

B. higher leverage ration.
C、

C. higher cash flows from operations.

【正确答案】 C

【答案解析】Compared to expensing, capitalizing results in higher profitability in early years and lower profitability in later years.