Which of the following statements is CORRECT?A. In most corporations, the CFO ranks above the CEO.B. By law in most states, the chairman of the board must also be the CEO.C. It is possible for a...

Which of the following statements is CORRECT? A. In most corporations, the CFO ranks above the CEO. B. By law in most states, the chairman of the board must also be the CEO. C. It is possible for a person to simultaneously serve as CEO and chairman of the board of directors. D. The CFO generally reports to the firm's chief accounting officer, who is normally the controller. E. The CFO is responsible for raising capital and for making sure that capital expenditures are desirable, but he or she is not responsible for the validity of the financial statements, as the controller and the auditors have that responsibility.