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:

Stressor

An event, condition, or stimulus that causes stress or an adverse reaction in an individual.

Stress Reactions

The physical or psychological responses to perceived threats or challenges, which can affect an individual's health and well-being.

Extreme Heat

Conditions characterized by excessively high temperatures which can pose risks to health, environment, and infrastructure.

Hostile People

Individuals who display aggression, antagonism, or are confrontational in their interactions with others.