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:

MBA Students

Individuals enrolled in a Master of Business Administration program, which is a graduate-level degree focusing on business administration and investment management.

Non-business Graduate Students

Refers to students who have completed graduate-level studies in disciplines outside of the business field.

Performance Goals

Specific, measurable objectives set for individuals or teams to achieve, aimed at improving their work output or success rate.

Extreme Performance Pressure

A situation in which individuals or teams face very high expectations to perform at an exceptional level, often under tight deadlines or challenging conditions.