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What is one reason a business may not begin their financial year on January 1? A. cold weather C. tradition B. GAAP D. holiday shopping
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What is one reason a business may not begin their financial year on January 1?

A. cold weather
C. tradition
B. GAAP
D. holiday shopping

User Nidheeshdas
by
4.8k points

1 Answer

5 votes

Answer:

Holiday Shopping

Step-by-step explanation:

Many companies use different fiscal years than the traditional calendar year because it allows them to better represent their revenue and expenses.

Examples are retail stores because of the spike of Christmas shopping.

User Mira Weller
by
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