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

question 82

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:

Visa Card

A branded payment card that allows users to make transactions electronically, withdrawing funds from the cardholder's account.

Company Check

A company check is a check issued by a business from its own account to pay for goods, services, or obligations.

Withdrawals

Amounts of money taken out from a business by its owners for personal use, reducing the owner's equity.

Parasympathetic Nerve

Nerves of the parasympathetic nervous system that help slow down the body's activity and allow the body to rest and digest.