Step 1: Recall the power set size. If a set has $k$ elements, its power set has $2^k$ subsets. So $|P(A)| = 2^m$ and $|P(B)| = 2^n$.
Step 2: Write the given equation. \[ 2^m - 2^n = 112 \] Step 3: Take out the common factor. Pull $2^n$ out from both terms. \[ 2^n\left(2^{m-n} - 1\right) = 112 \] Step 4: Break 112 into a power of 2 times an odd number. \[ 112 = 16 \times 7 = 2^4 \times 7 \] Match the parts: $2^n = 16$ gives $n = 4$, and $2^{m-n} - 1 = 7$ gives $2^{m-n} = 8$, so $m - n = 3$.
Step 5: Find $m$ and $n$. From $n = 4$ and $m - n = 3$, we get $m = 7$.
Step 6: Test each option to find the wrong one. Option A: $m + n = 7 + 4 = 11$, true. Option B: $2m - n = 14 - 4 = 10$, but it claims $1$, so this is false. Option D: $3n - m = 12 - 7 = 5$, true. The wrong statement is option (B). \[ \boxed{2m - n = 1} \]