Identify which of the following statements is false.
A)A corporation's fiscal year generally must end on the last day of the month.
B)A fiscal year may not end on December 31.
C)A new corporation can elect a fiscal year that runs from February 16 to February 15 of the following year.
D)A corporation's first tax year may not cover a full 12-month period.

Question

Quizplus · Accepted Answer

The Answer of Identify which of the following statements is false.
A)A corporation's fiscal year generally must end on the last day of the month.
B)A fiscal year may not end on December 31.
C)A new corporation can elect a fiscal year that runs from February 16 to February 15 of the following year.
D)A corporation's first tax year may not cover a full 12-month period.

Identify Which of the Following Statements Is False