26. What best describes the accounting policy of a 52/53 week fiscal year a. Fiscal year ends on the Sunday closest to December 31 b. Fiscal year ends on December 31 each year C. Over a 10 year period, every year has the same number of weeks d. Over a 10 year period, every fiscal year has 365 days e. Over a 10 year period, every fiscal year has 364 days 27. Financial statements in Form 10-K must contain a. Three years income statement and two years balance sheets b. Three years balance sheets and two years income statements C. Two years income statement and one year balance sheet d. Two years balance sheets and one year income statement e. Two years income statement and two years balance sheet 28. Mauro Corp. reports Revenues of $100 million, Operating Expenses of $30 million and an effective tax rate of 20%. Which of the following individual actions results in the greatest improvement in after tax income, a. Increase revenues by 10% b. Decrease expenses by 30% C. Save $9 million in tax expense d. Purchase Land for $10 million e. None of the above