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Explain the concept of the fiscal year and discuss why a particular fiscal year might be chosen for a certain type of governmental operation or
Explain the concept of the fiscal year and discuss why a particular fiscal year might be chosen for a certain type of governmental operation or private business. (most governments use an Oct. 1 to Sept.30 fiscal year, a toy store would likely use a fiscal year that begins and ends during its slowest time of the year, maybe March 1 to the end of the following February, but never during the Christmas toy selling season for a toy store)
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