A Personal Service Corporation Must Use a Calendar Year, and Is

question 18

True/False

A personal service corporation must use a calendar year, and is not permitted to use a fiscal year.

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Definitions:

Typewritten Words

Text that has been produced using a typewriter or similar keyboard-driven device.

Handwritten Words

Text or documentation produced through the act of writing by hand, as opposed to typed or digitally produced text.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time.

Paper Payable

A financial instrument or document that promises the payment of a specific amount of money either on demand or at a specified future date.