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Unformatted text preview: change is business related as opposed to tax related * A Fscal period, therefore a taxation year, may be less than 12 months in the year which a corp. comes into existence or ceases to exist or in which a change in year end is granted * or example, a corp. that is created on June 1 may choose an Oct. 31 Fscal year end, in which case the Frst taxation year would include only the Fve months from June 1 to Oct. 31...
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This note was uploaded on 02/05/2012 for the course ACC 522 taught by Professor A.vena during the Spring '11 term at Ryerson.
- Spring '11
- Fiscal Year