Pim Inc. operates a business with a natural annual operating cycle ending August 31. Which of the following can Pim adopt as its taxable year?

A. A calendar year.
B. Fiscal year ending June 30.
C. Fiscal year ending August 31.
D. Pim can adopt a calendar year or any fiscal year as its taxable year.

Answer rating: 100% (QA)

D Pim can adopt a calendar year or any fiscal year as its taxable year Exp... View the full answer