The length of time covered by a set of periodic financial statements, primarily a year for most companies, is referred to as the:

A. Fiscal year.
B. Business cycle.
C. Accounting period.
D. Calendar year.
E. Natural business year.


Answer: C

Business

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A. retail B. customer C. supplier D. demand

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Ethics determine whether or not something is legal

Indicate whether the statement is true or false

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The left side of the accounting equation measures the amount that the business owes to creditors and to the stockholders

Indicate whether the statement is true or false

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Article 101 of the TFEU and the Sherman Act prohibit:

a. monopolies. b. abuse of dominant market position. c. concerted anticompetitive conduct. d. All of the above

Business