A New Business Is Established

question 70

Multiple Choice

A new business is established.It is not a seasonal business.All of the following are acceptable accounting tax years with the exception of

• A)an S corporation year ending October 31.
• B)a C corporation (not a personal service corporation)tax year ending on February 15.
• C)a C corporation (not a personal service corporation)tax year ending on April 30.
• D)a partnership tax year ending on October 31 with three equal partners whose tax years end on September 30,October 31,and November 30.

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Definitions:

Least Developed Countries

Countries recognized by the United Nations for their low socioeconomic development and human assets.

Ecological Term

Refers to concepts and vocabulary associated with the branch of biology that studies the interactions between organisms and their environment.

Birth Rate

A statistical measure representing the number of live births per 1,000 people in a population per year.

Death Rate

The ratio of deaths to the population of a particular area during a certain time frame, often expressed per 1000 individuals per year.