Which of the Following Is Not True

Which of the following is not true?

A) Firms reclassify gains and losses initially classified in other comprehensive income into net income when a confirming event subsequently occurs.
B) Firms close amounts in other comprehensive income for a period to Accumulated Other Comprehensive Income at the end of the period.
C) Net income includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business.
D) Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income.
E) The FASB's and IASB's conceptual framework contains a conceptual model for classifying items in net income versus in other comprehensive income.