A Business Generally Adopts a Fiscal or Calendar Year by Using

question 119

True/False

A business generally adopts a fiscal or calendar year by using that year-end on the first tax return for the business.

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Definitions:

Software Applications

Software applications are computer programs or a set of programs designed to perform specific tasks for users, ranging from productivity and communication to entertainment.

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner, often referring to managing investment portfolios.

S&P 500 Companies

Companies listed on the Standard & Poor's 500 index, representing 500 of the largest U.S. publicly traded corporations.