The Twelve-Month Period a Business Chooses for Its Accounting Period

question 104

Multiple Choice

The twelve-month period a business chooses for its accounting period is a(n) :

• A) calendar year.
• B) accounting period.
• C) fiscal year.
• D) accounting cycle.

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Definitions:

Butanoic Acid

An organic compound with the formula C4H8O2, also known as butyric acid, characterized by its unpleasant smell and occurrence in butter and animal fat.

Bromoacetone

An organic compound with the formula C3H5BrO, used in the past as a tear gas.

Bromodiiodomethane

A halogenated methanol compound with the formula CH2BrI2, often used in organic synthesis and as a dense fluid for mineral separation.

Necessary Reagents

Specific chemicals required to carry out a particular chemical reaction.