Multiple Choice
Any accounting period of twelve months' duration is usually referred to as a(n)
A) fiscal year.
B) calendar year.
C) physical year.
D) operational year.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q45: Stephen purchased office supplies for $800 on
Q46: Which phase of the accounting process involves
Q47: The _,sometimes called the profit and loss
Q48: Match the terms with the definitions.<br><br>-Reports beginning
Q49: Match the terms with the definitions.<br><br>-Reports assets,liabilities,and
Q51: The report which shows a firm's assets,liabilities,and
Q52: A decrease in owner's equity may result
Q53: Match the terms with the definitions.<br><br>-The concept
Q54: Liabilities represent an "inside" interest in a
Q55: If owner's equity and liabilities increased during