Determine which basic assumption is described below $($Going Concern, Periodicity, Economic

Entity, Monetary Unit$)$

$($a$)$ The economic activities of KC Corporation are divided into $12-$month periods for the

purpose of issuing annual reports.

$($b$)$ Solectron Corporation, Inc. does not adjust amounts in its financial statements for the

effects of inflation.

$($c$)$ Walgreen Co$.$ reports current and noncurrent classifications in its balance sheet.

$($d$)$ The economic activities of General Electric and its subsidiaries are merged for

accounting and reporting purposes.