A fiscal year for a business
A) ordinarily begins on the first day of a month and ends on the last day of the following twelfth month
B) is determined by the federal government
C) always begins on January 1 and ends on December 31 of the same year
D) should end at the height of the business's annual operating cycle

Question

Quizplus · Accepted Answer

A fiscal year for a business may begin on any date but it lasts for twelve consecutive months. It can start in any month and end twelve months later. Therefore, option A is the correct answer.

A Fiscal Year for a Business