During the Lifetime of an Entity Accountants Produce Financial Statements

Short Answer

During the lifetime of an entity accountants produce financial statements at artificial points in time in accordance with the concept of $$\begin{array} { l c c } & \text { Objectivity } & \text { Periodicity } \\\hline a.&\text { No } & \text { No } \\\text { b. } & \text { Yes } & \text { No } \\\text { c. } & \text { No } & \text { Yes } \\\text { d. } & \text { Yes } & \text { Yes }\end{array}$$