Recent fiscal years for several well known companeis are as follows Company Fiscal Year Ending J C Penney Company, Inc January 27 L Brands, Inc January 27 Sears Holdings Corporation January 27 Target Corporation January 27 The Home Depot, Inc January 28 Tiffany Co January 30 What general characteri...

All the companies listed are general merchandisers whose busiest time of ...

Recent fiscal years for several well-known companeis are as follows: Company Fiscal Year Ending J. C. Penney

Question:

Recent fiscal years for several well-known companeis are as follows:
Company Fiscal Year Ending
J. C. Penney Company, Inc. ........................................ January 27
L Brands, Inc. ....................................................... January 27
Sears Holdings ....................................... January 27
Target ................................................ January 27
The Home Depot, Inc. ............................................. January 28
Tiffany & Co. ...................................................... January 30
What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...