A natural business year
A)is the calendar year.
B)records activities for a period less than a year.
C)refers to an interim accounting period.
D)ends when most activities in an operating cycle have been substantially concluded.
E)none of the above

Question

Quizplus · Accepted Answer

A natural business year refers to the period in which most activities in an operating cycle have been substantially concluded. This may not necessarily align with the calendar year or any other specific period.

A Natural Business Year