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Which of the following is true regarding a company's fiscal year? a. All companies have a December 31 year end. b. It always corresponds to

Which of the following is true regarding a company's fiscal year?

a. All companies have a December 31 year end.

b. It always corresponds to the calendar year.

c. The Financial Accounting Standards Board assigns a year end to each company.

d. It usually corresponds to a company's slow period.

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