For many companies that use December 31 for the year-end, we cannot tell if December 31 was selected because it represents a natural business year or if it was selected to represent a calendar year.

Question

Quizplus · Accepted Answer

Many companies choose December 31 as their fiscal year-end because it aligns with the calendar year, but it can also coincide with the end of their natural business cycle, making it difficult to determine the exact reason without additional context.

For Many Companies That Use December 31 for the Year-End