Which of the following statements about trade credit isFALSE?A. Trade credit is

Which of the following statements about trade credit isFALSE?A. Trade credit is also more flexible than other means ofshort-term financing.B. The terms 2/10 net 30 mean the buyer can take a 2% cashdiscount if payment is made within 10 days (the discountperiod).C. If no discount is offered or if payment is made soon enoughthat the discount can be taken there is no cost to the firm forthe use of the suppliers trade credit.D. Trade credit is the largest single source of short-term fundsfor businesses representing approximately two-third of the currentliabilities of nonfinancial corporations.