Question

What is a fiscal year?

A. 12-month financial planning period that may or may not coincide with the calendar year
B. 12-month calendar reserved for the government
C. 12-month financial planning period that always coincides with the calendar year
D. 12-month financial planning period that cannot coincide with the calendar year

Answer 1

Answer:

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

Explanation:

A fiscal year is a 12-month financial planning period that may or may not coincide with the calendar year.