Answer:
(B) Accounting Period Cycle
Step-by-step explanation:
Accounting Period Cycle is the period
when a work sheet is prepared at the end of each fiscal cycle to summarize the general ledger information needed to prepare financial statements.
An accounting period cycle could be a fiscal year, calendar year or a 4-4-5 calendar year.
Going concern means a company is profitable enough to continue operations into the foreseeable future.
A business entity is created by at least one person under corporate law to carry out business activities.
Full disclosure is a requirement that a business disclose all material information relevant to the business.