Recent fiscal years for several well-known companies are as follows: 11eb79a5_98e6_cfe0_bf8a_5db50cadf561_SM1598_00 What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

Edition 14ISBN: 978-1305653535

Edition 14ISBN: 978-1305653535

Exercise 31

Recent fiscal years for several well-known companies are as follows:

What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?

Explanation

Verified

Fiscal year represents a twelve month pe...