For What Reason Might Retailers Like Target Select an Accounting

question 27

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

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Definitions:

Tourette's Syndrome

A neurological disorder characterized by repetitive, involuntary movements and vocalizations called tics.

Seen

The past participle of "see," indicating something that has been viewed or perceived visually.

Manicure

A cosmetic beauty treatment for the fingernails and hands, involving cutting, shaping, and often painting of the nails, removal of the cuticles, and softening of the skin.

Student

An individual who is engaged in learning, especially one who attends a school, college, or university.