Oracle
1Z0-517 · Question #276
ABC Inc. 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 D. defining 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 Inc. 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.Select the remaining setup for the calendar to meet the requirement.
Options
- Adefining 12-monthly periods based on the 4-5-4 calendar ending on the last day of each month;
- Bdefining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month;
- Cdefining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month;
- Ddefining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month,
How the community answered
(46 responses)- A13% (6)
- B7% (3)
- C4% (2)
- D76% (35)
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