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A New Business Is Established

Question 70

Multiple Choice

A new business is established.It is not a seasonal business.All of the following are acceptable accounting tax years with the exception of


A) an S corporation year ending October 31.
B) a C corporation (not a personal service corporation) tax year ending on February 15.
C) a C corporation (not a personal service corporation) tax year ending on April 30.
D) a partnership tax year ending on October 31 with three equal partners whose tax years end on September 30,October 31,and November 30.

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