which of the following statements is false 625928

Which of the following statements is false?

a. Several separate legal entities properly may be considered to be one accounting entity.

b. The stable dollar assumption is used only when the dollar is absolutely stable.

c. Publicly held corporations generally prepare monthly financial statements for internal management and publish quarterly and annual financial statements for users outside the company.

d. Without the periodicity assumption, a business would have only one time period running from the inception of the business to its termination.