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    Fundamental Accounting Principles Study Set 5
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
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    The 12-Month Period That Ends When a Company's Sales Activities
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The 12-Month Period That Ends When a Company's Sales Activities

Question 140

Question 140

Multiple Choice

The 12-month period that ends when a company's sales activities are at their lowest level is called the:


A) Fiscal year.
B) Calendar year.
C) Natural business year.
D) Accounting period.
E) Interim period.

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