A fiscal year is a period used for the purpose of preparing annual financial statements. It is often required by law to have a term of 12 months, but it is not necessary when it starts or when it ends (may start on 1/1/or 1/3 or 1/7 etc...) This depends on the company, unless there is Regulatory body obligating the company with a specific start date.* true False

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter8: Network Models
Section8.5: Minimum-cost Network Flow Problems
Problem 8P
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A fiscal year is a period used for the purpose of preparing annual financial
statements. It is often required by law to have a term of 12 months, but it is not
necessary when it starts or when it ends (may start on 1/1/or 1/3 or 1/7 etc...) This
depends on the company, unless there is Regulatory body obligating the
company with a specific start date
true
False
Transcribed Image Text:A fiscal year is a period used for the purpose of preparing annual financial statements. It is often required by law to have a term of 12 months, but it is not necessary when it starts or when it ends (may start on 1/1/or 1/3 or 1/7 etc...) This depends on the company, unless there is Regulatory body obligating the company with a specific start date true False
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