Identify Which of the Following Statements Is False

question 61

Multiple Choice

Identify which of the following statements is false.

• A)A corporation's fiscal year generally must end on the last day of the month.
• B)A fiscal year may not end on December 31.
• C)A new corporation can elect a fiscal year that runs from February 16 to February 15 of the following year.
• D)A corporation's first tax year may not cover a full 12-month period.

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Definitions:

Highest Voltage

The maximum electrical potential difference that a system is designed to handle or can withstand.

Stereotypes

Oversimplified generalizations about groups of people that may be based on gender, race, age, ethnicity, nationality, or other factors.

Distort Reality

The act of misrepresenting or altering the perception of reality, often to suit one's own beliefs or agenda.

Norm

A standard or pattern of social behavior that is accepted in a group or society as normal or typical.