When You Start a New Fiscal Period,the Fiscal End Date

question 29

Multiple Choice

When you start a new fiscal period,the fiscal end date is automatically advanced -

• A)to create a new fiscal period of one year
• B)to the end of the calendar year for the new start date
• C)to match your previous fiscal period,i.e. ,by three months if you had a quarterly period before
• D)to the new fiscal start date

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Definitions:

Social Norms

Behavioral expectations within a society or group, guiding members on what behaviors are considered appropriate and acceptable.

Mirror-image Perceptions

A concept wherein opposing parties see each other in the same way, each side considering itself the victim and viewing the other's actions as hostile.

Hard-headed

Unwilling to change or be persuaded; stubborn.

Fighting

The act of engaging in physical conflict or combat between individuals or groups, often used as a means of resolving disputes or aggression.