A New Business Is Established

question 1269

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

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Definitions:

Romanticism

A Western cultural phenomenon, beginning around 1750 and ending about 1850, that gave precedence to feeling and imagination over reason and thought. More narrowly, the art movement that flourished from about 1800 to 1840.

Neoclassicism

An artistic and architectural movement that emerged in the mid-18th century, inspired by the classical art and culture of ancient Greece and Rome.

Rococo

An 18th-century artistic movement and style, originating in France, characterized by elaborate ornamentation, intricate patterns, and themes of love, nature, and light-heartedness.

Paulina Borghese

A prominent Italian noblewoman, the sister of Napoleon Bonaparte, known for her beauty and the famous sculpture by Antonio Canova depicting her as Venus Victorious.