Question

10 POINTS!

What is a fiscal year? (Options)

A. 12-month financial planning period that cannot coincide with the calendar year

B. 12-month financial planning period that may or may not coincide with the calendar year

C. 12-month calendar reserved for the government

D. 12-month financial planning period that always coincides with the calendar year

Answer 1

The answer is option “B”

Answer 2

B 12-month financial planning period that may or may not coincide with the calendar year.