Companies generally have a year that ends at the low point in their business activity.

Question

Quizplus · Accepted Answer

Companies generally have a year that ends at the low point in their business activity because it allows them to close their books and start fresh at a time when business is slow. This can help to ensure that the company's financial statements are accurate and that there are no outstanding liabilities or receivables that need to be addressed.

Companies Generally Have a Year That Ends at the Low