Which of the following statement is false? (Points : 3.5)

A balance sheet is the financial statement that shows a financial snapshot, taken at a point in time, of all the assets the company owns and all the claims against those assets. All else equal, a cecrease in a company's financial leverage will increase its ROE. A common-size balance sheet presents each item as a percentage of total assets. A cash flow statement is the financial statement that summarizes changes in the company's cash balance over a period of time.