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.

---

Definitions:

Grief

A deep emotional response to loss, especially the death of a loved one, encompassing a range of feelings from sadness to anger.

Adjustment

The process of adapting or becoming accustomed to a new situation, condition, or environment.

Grief Work Model

A psychological framework that outlines the processes individuals go through to cope with the loss of a loved one, emphasizing emotional processing and adjustment.

Widow

A term for a woman whose spouse has died and who has not remarried.