A C Corporation Has a Fiscal Year-End of August 30

question 53

Multiple Choice

A C corporation has a fiscal year-end of August 30.It requests an automatic extension of time to file its income tax return.It must file its return no later than the 15^th day of:

• A)March.
• B)April.
• C)May.
• D)June.

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Definitions:

Foreign Exchange Trades

The action of buying and selling currencies on the foreign exchange market, a crucial component for international business operations and investment.

Fiscal Investors

Individuals or entities that invest their resources with a focus on the tax implications and benefits, often to maximize returns or minimize liabilities.

Reporting Dealers

Financial institutions that are involved in the foreign exchange markets, providing detailed data on market activity to central banks.

Spread

The difference between the buy and sell price for a currency.