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

Which of the following definitions best describes the instance 'ISO 20275 code set'?

A. 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because entity that reported this relationship is no longer legally registered and/or operating; or the relationship is no longer valid for other reasons
B. the set of entity legal form identifiers that comprise the ISO 20275 entity legal form specification
C. an accounting framework developed by the US Financial Accounting Standards Board (FASB)
D. an accounting framework developed by the International Accounting Standards Board (IASB)

Answer: the set of entity legal form identifiers that comprise the ISO 20275 entity legal form specification