Which of the following statements about the financial implications of capitalization versus expensing is least accurate（）
A. Capitalizing will result in smoother reported income than expensing, and expensing will result in higher leverage ratios than capitalizing.
B. Capitalization will result in lower leverage ratios than expensing, but expensing will result in higher later year profitability ratios than capitalization.
C. Cash flow from operations is not affected by the capitalizing versus expensing decision, but the investing and financing cash flows depend on the method the firm chooses.
