Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'accounting period'?

A. status indicating that as of the last report or update, the reporting legal entity reported that it is legally registered and/or operating, and that the relationship detailed in this relationship record is still valid
B. qualifier indicating that the relationship period reflects the period of time covered by the most recent validation documents from an accounting perspective for this relationship
C. a qualifier indicating that the relationship period reflects the validity period for any regulatory filing, accounting document, other document demonstrating the relationship's validity
D. status indicating that it has been determined that the relationship ended, e.g. because entity that reported this relationship is no longer legally registered and/or operating; or the relationship is no longer valid for other reasons

Answer: qualifier indicating that the relationship period reflects the period of time covered by the most recent validation documents from an accounting perspective for this relationship