Which of the Following Statements About a Fiscal Year Is

question 38

Multiple Choice

Which of the following statements about a fiscal year is correct?

• A)Companies can choose to end their fiscal year on any date they feel is most relevant.
• B)Companies must end their fiscal year on March 31,June 30,September 30,or December 31.
• C)Companies can select any date except a holiday to end their fiscal year.
• D)Companies must end their fiscal year on December 31.

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Definitions:

Immanuel Kant

An 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern philosophy.

Sensory Information

Data received through the senses (sight, sound, touch, taste, and smell) that informs an individual about their environment.

Receptive Fields

Specific areas within the sensory nervous system that, when stimulated, affect the activity of neurons.

Preexisting Categories

Cognitive classifications or groups that an individual has already formed before encountering new information, which helps in organizing and assimilating new data.