A new business is established. It is not a seasonal business. All of the following are acceptable accounting tax years with the exception of
A) a C corporation (not a personal service corporation) tax year ending on April 30.
B) an S corporation year ending October 31.
C) a partnership tax year ending on October 31 with three equal partners whose tax years end on September 30, October 31, and November 30.
D) a C corporation (not a personal service corporation) tax year ending on February 15.
Correct Answer:
Verified
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