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A fiscal year for a business is determined by the federal government always begins on January 1 and ends on December 3 1 of the

A fiscal year for a business
is determined by the federal government
always begins on January 1 and ends on December 31 of the same year
ordinarily begins on the first day of a month and ends on the last day of the following twelfth month
should end at the height of the business's annual operating cycle
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