Identify Which of the Following Statements Is False

question 6

Multiple Choice

Identify which of the following statements is false.

• A) A corporation's first tax year may not cover a full 12- month period.
• B) A corporation's fiscal year generally must end on the last day of the month.
• C) A fiscal year may not end on December 31.
• D) A new corporation can elect a fiscal year that runs from February 16 to February 15 of the following year.

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Definitions:

Z-Scores

Standardized scores that indicate how many standard deviations an element is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one.

Normal Distributions

An evenly balanced probability distribution centered around the mean, where data points close to the mean occur with greater frequency than those at a distance.

Normal Distributions

A bell-shaped probability distribution characterized by symmetry around the mean, describing many types of real-world data.