A Fiscal Year Can Be

question 78

Multiple Choice

A fiscal year can be
I.a period of 12 months ending on any day during the month other than a Sunday.
II.a period of 12 months ending on the last day of any month other than January
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Discounted Cash Flow

A financial analysis method that estimates the value of an investment based on its future cash flows, adjusted for time and risk.

Cash Inflows

Money received by a business from its operations, investments, or financing activities.

Investment Outflows

Money expended on acquiring or investing in assets with the expectation of generating future returns.

Uneven Cash Flows

Cash receipts and payments that vary in amount and do not occur at regular intervals, challenging budgeting and forecasting.