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Accounting

Salem Corporation uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st through March 31st. You have been asked to review the tax law criteria for making this change. prepare a memo (750-1,000) to your CFO indicating the outcome of such a change on current taxes and outlining the requirements for making this change.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947498

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