Which of the Following Statements Is False

Which of the following statements is false?

A) There is no need for the accounting and the reporting systems to separate economic transactions that concern the business exclusively,from those that concern its individual or corporate capital providers.
B) A business represents a legal or economic entity that is separate from the individual or corporate capital providers.
C) Any business must report on its economic activity by issuing periodic financial statements,even if only for tax purposes.
D) If incorporated as a legal entity,a business can go to court,or be taken to court.