Any Twelve-Month Accounting Period Adopted by a Company Is Known

question 134

True/False

Any twelve-month accounting period adopted by a company is known as its fiscal year.

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Definitions:

Material Objects

Physical items that are created or shaped by human beings and hold social, economic, or cultural significance.

Practices

Routinely followed procedures or habits in personal or institutional activities.

Culture

A complex system of beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another.

Adapt

The process of adjusting or changing in response to new conditions or environments.