Welch Inc. has used a fiscal ending September 30 as its taxable year since its incorporation in 1988. The shareholders have decided to shut down Welch's business and dissolve the corporation on March 31. Which of the following statements is false?
A. Welch's final tax return will include its income from January 1 to March 31.
B. Welch's final tax return will be a short-period return.
C. Welch's final tax return will include its income from October 1 to March 31.
D. None of the above is false.
Answer: A
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