Financial Accounting ‏ A fiscal year is a period used for the purpose of preparing annual financialstatements. It is often required by law to have a term of 12 months, but it is notnecessary when it starts or when it ends (may start on 1/1/or 1/3 or 1/7 etc.) Thisdepends on the company, unless there is Regulatory body obligating the*.company with a specific start datetrueFalse

A fiscal year is a period used for preparing the financial statement of the company.

Business

Accounting

Financial Accounting ‏

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 1MC: Which of the following is any reporting period shorter than a full year (fiscal or calendar) and can...

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Financial Accounting ‏

A fiscal year is a period used for the purpose of preparing annual financial
statements. It is often required by law to have a term of 12 months, but it is not
necessary when it starts or when it ends (may start on 1/1/or 1/3 or 1/7 etc.) This
depends on the company, unless there is Regulatory body obligating the
*.company with a specific start date
true
False

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