Oracle
1Z0-516 · Question #709
ABC.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month end is on a Friday…
The correct answer is C. Define 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month. See the full explanation below for the reasoning.
Question
ABC.com wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year end is March 31. The normal month end is on a Friday, but the last day of each quarter is always on the last day of the quarter's final calendar month. Choose the remaining setup for the calendar to meet the requirement.
Options
- ADefine 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month.
- BDefine 12 monthly periods based on the 4-5-4 calendar ending on the last day of each month.
- CDefine 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month,
- DDefine 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month,
- EDefine 12 monthly periods based on the 4-5-4 calendar ending on the last Friday of each month.
How the community answered
(41 responses)- A2% (1)
- B2% (1)
- C76% (31)
- D5% (2)
- E15% (6)
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