16. What is the benefit of selecting an accounting period in agreement with the natural business year?

a. Inventories are at their lowest point and may be inspected and tabulated more quickly and valued more accurately

b. Receivables are at their minimum and bad debt adjustments can be determined more accurately

c. Financial statements prepared at the end of a natural business year more accurately reflect the results of activities over one complete cycle of operations

d. a and b only

e. a, b and c are all benefits of selecting a natural business year