For What Reason Might Retailers Like Target Select an Accounting

question 156

Multiple Choice

For what reason might retailers like Target select an accounting period that ends on or near the end of January?

• A)The company originally started business operations on that date.
• B)Business activity has reached a slow period that is suited to the preparation of its financial statements at the end of the year.
• C)The company's CPAs are attempting to spread out the workload.
• D)The Internal Revenue Service requires merchandise companies to select such a date for their fiscal year.

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Definitions:

George Miller

A cognitive psychologist best known for his work on the capacity of human memory and the theory that short-term memory is limited to about seven items.

Cowan

A surname of likely British origin, but without a clear definition of its significance in a specific field without further context.

Dual-Coding Theory

A theory of cognition proposing that visual and verbal information are processed differently and along distinct channels in the human mind, enhancing learning.

Semantic Codes

In psychology and cognitive science, it refers to the process of encoding information into memory, focusing on the meaning of the information.