For a service firm, the choice of reporting date (date on which the books are closed and
Question:
(a) Discretionary choice by senior management
(b) Tax constraints
(c) Time when customer demand is at its lowest
(d) The timing of the major vacation period for most of the personnel and staff
(e) The time the unpaid customer bills are generally at their lowest balance of the year
(f) The availability of time for the accountants
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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