Identify which basic assumption of accounting is best described in each item below. a. The economic activities of FedEx Corporation are divided into 12 -monch periods for the purpose of issuing annual reports. b. Solectron Corporation inc. does not affust a mounts in its fromial statements for the eltects of inflation. c. Walgreen Co , reports current and noncurrent classifcelions in its buynce sheet. reporting purposes.