Accounting Concepts

Dear John, Which of the following statements defines the business entity concept? A- The business will continue to operate for a foreseeable future. B- A business is always a separate legal entity, distinct from those who own or manage that business C- A business is never a separate legal entity, distinct from those who own or manage that business D- Financial transactions are recorded and presented from the perspective of the business, rather than from the perspective of the owners or managers of that business. Answer given = D I was just wondering, why is B incorrect? I thought the business entity concept should treat the business as separate from their owners. Isn't it the same meaning with B? Thank you :)